Circular Economy: Radical and Unproven or Saving the Planet? Part 3

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 3 April 2019

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The buzz: “We will design products differently if we knew that those products were going to come back to us…and we could extract value from them” (T. Domenech). 150 years of industrial evolution have been dominated by a one-way Linear Economy model of production and consumption. Goods are manufactured from raw materials, sold, used, discarded or incinerated. How to get past this unsustainable practice? Welcome to the circular economy model, which maintains products, extends their service life, and repurposes one product’s waste to maintain another – reuse, repair, remanufacture. The experts speak. Dan Wellers: Questions you cannot answer are usually far better for you than answers you cannot question” (Y.N. Harari). Christopher Koch: “There are no gray areas when it comes to survival. Either we go on as a civilization or we don't (Greta Thunberg). Will Ritzrau: “Action expresses priorities” (Gandhi). Join us for Circular Economy: Radical and Unproven or Saving the Planet? Part 3.

Transcript

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0:00.0	Welcome to the most nutritious hour of business talk all week.
0:13.1	This is Coffee Break with Game Changers, presented by SAP.
0:17.0	The best run business is run SAP.
0:19.6	Your host and moderator is Bonnie D. Graham.
0:22.0	You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions.
0:29.9	Now, here's Bonnie D. Graham.
0:32.1	Welcome, welcome, welcome.
0:33.7	If you want to run with the game changers, guess what?
0:36.4	You're in the right place because this is where the best run. Today's topic is part three is something we've talked about on this series on one of our other Game Changers series. It's so important we wanted to bring it back. Let me give you the buzz on the street. This is a quote from Teresa Dominic, co-director of Circle, UCL Circular Economy Lab.
0:56.3	Here's the quote.
0:57.6	We will design products differently.
1:00.5	If we knew that those products were to come back to us as manufacturers and we could
1:05.9	extract value from them and create new products from them.
1:09.2	So everybody think about that as a circle.
1:11.7	We're talking about the circular economy. Let's take a look back in history. The last 150 years
1:17.4	of the industrial evolution, I didn't say revolution, have been dominated by what we see as a one-way
1:24.0	linear economy model. That means we produce, we consume, and we throw things away.
1:29.0	We manufacture goods from raw materials. Then we sell them. Then we use them. Then we say,
1:33.7	ah, I don't want this anymore, or it doesn't work, or I don't like it. We throw it away.
1:38.2	Sometimes we incinerate it as waste. In other words, we start at one end and then we get rid of it.
1:43.4	We don't want it. This is not sustainable. We know that. So the circular economy words, we start at one end and then we get rid of it. We don't want it.
1:45.5	This is not sustainable.
	...

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