5/19/2023 0 Comments Doughnut economieMost of our economies run on capitalism, which assumes that how much we make and sell is the only worthy measurement of how well countries are doing. The two models are based on one essential concern: the need to account for nature.Īrguably, these two models update our current understanding of economic health. (Image by DoughnutEconomics) Why Circular Economy and Doughnut Economy complement each other We want to stay in the area between the circles, thus “doughnut” (as in the diagram.) It is where we can flourish together with nature. We need to stay above a social foundation for our civilizations to prosper, but without crossing the ecological ceiling where nature begins to decline. The Circular Economic model is intuitive as a solution to our linear economic model (take-make-waste).ĭoughnut Economy requires us to seek a balance between two boundaries. The model also believes that waste creation is an error in our systems. Resources include organic ones that can be regenerated to benefit the environment, and inorganic ones that can be recovered and put back into manufacturing processes. Circular Economy ModelĬircular Economy talks about circulating resources within an economy without creating waste. But because they strongly focus on prosperity that is beneficial for the environment, they complement each other exceptionally well. Circular Economy and Doughnut Economy are two different models of how economies can be reformed.
0 Comments
Leave a Reply. |