Embed Size (px)
Citation preview
Circular Economy simplified: Every ending is a new beginning
Oct 23-24, 2019
Sanjeevan BajajFormer CEO, FICCI Quality ForumGuest Faculty, Indian Institute of Management India LCA DB Project Working Group MemberIndependent Director, Sukhbir Agro Energy
Published material on Circular Economy is huge
Overview & Introduction
Over 500 events in 2018-19
Over 200 active organizations
Over
10
topi
csAn
y tim
eIn
20
19
Methods
Research Questions
• What does CE look like in
imagination and in practice?
• Where are the biggest
opportunities to expand CE?
• What barriers impede CE and how
can they be addressed?
• What safeguards are needed to
check unintended consequences?
Methodology
• Content analysis of online material
& discussions at attended events
• Classification of materials in the
Golden Circle – Why, What, How
• ‘Why’ is interpreted as the
motivation to expand CE
• ‘What’ is interpreted as concept &
‘How’ as actions to implement CE
This study sifts material to answer four questions
Circular Economy in imagination
Results: Concept
Restoration of natural capital
Trillion dollar opportunity
Value creation in waste disposal
Wealth without negative externalities
Resource efficiency no under-utilization
Why
Product reaching EoLreused & value recreated
Value of products and materials is maintained for as long as possible
Resource use & waste minimised
Wha
t
Circular Economy in action
Results: Implementation
Recover saleable components
from unusable products
Prolong useful life
of products
Recover saleable materials from non-saleable components
Increase use of renewables &
bio-degradables
De-materialize products,
digitize delivery
Restore bio-nutrients
Value CreationIm
pact
Red
uctio
n
How
Expansion of market for pre-owned, leased, shared, borrowed, exchanged, donated, repaired, refurbished, etc.
Expansion of market for used product components
Design for component modularity
5
Value Creation
Results: Opportunities & Barriers
Expansion of market for secondary materials
Design for disassembly
Recover saleable components from
un-usable products
Prolong useful life
of products
Recover saleable materials from non-
saleable components
Under developed or non-existent
markets
Unfavourable cost + performance combinations
Mainstreaming of bio-nutrient restoring practices
Bridging of digital divide
Increased availability of digital products and services
Technological feasibility for use of renewable resources and biodegradable materials
De-materialize products & digitize delivery
Restore bio-nutrients
Increase use of renewables &
bio-degradabies
6
Impact Reduction
Results: Opportunities & Barriers
Unmindful trashing behaviour
Limitations of cost & technology
Recommendations
Value creation
• Push for recycling and recovery without evaluation of net gains
• Burden shifting of final landfilling on last (usually poorest) user
• Uptake of cheap, used products by less-informed communities
• Limitation on technical innovations created by pressure to recycle
Impact reduction
• Economic non-viability of bio-nutrient restoration practices
• Life cycle impacts of increasing digitization: energy use & e-waste
• Burden of waste generated from equipment to harness renewables
• Bio-degradables’ production impacts vs. non-degradable waste
Unintended trade-offs of CE actions to be checked
To determine which products are better suited for prolonged use vs downcycling/material recovery
To determine which actions deliver net environmental benefits under what conditions
To reduce complexity & cost of recycling while maintaining functional quality of recovered materials
8
CE for net economic + environmental benefit
Conclusion
Product categorization
Life cycle assessments
Technological advancements
