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Marketplace All-in-One

The circular economy and closing our resource loop

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 29 November 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

Americans consume a lot of stuff and in turn produce a lot of waste. The average American generated 46 pounds of just e-waste in 2019. But what if there was a way to design an economy that’s less wasteful and more environmentally friendly? On the show today, Callie Babbitt, professor of sustainability at Rochester Institute of Technology, breaks down the circular economy, its role in fighting climate change and the challenges that lie ahead in public policy and manufacturing if we hope to achieve circularity. We’ll also hear from a listener with a smart hack for airport pickups during the holidays, and our beloved intern answers the Make Me Smart question.

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Transcript

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0:00.0

Hi, this is Arthur from Washington, D.C. I donate the Marketplace

0:05.8

because I love the thoughtful reporting from Kai, Kimberly, Amy, and the

0:09.9

rest of the gang. I can't thank them the rest of the Marketplace family enough for

0:14.5

consistently delivering interesting economic stories to emphasize a human

0:18.8

element. Join me by making a gift to Marketplace today at Marketplace.org

0:23.8

slash donate. Just like magic. I say it. I say it.

0:33.0

Moncarlis does it.

0:34.0

Hey everybody, I'm Kie Rizdahl.

0:37.0

Welcome back to Make Me Smart.

0:38.0

Where None of us is as Smart as all of us.

0:40.0

I'm Novasafo, filling in for Kimberly Adams. Thanks for joining us everybody. It's Tuesday, November 28th. Today we're revisiting our climate series with a new topic, the circular economy.

0:52.0

We have talked often, I think, on this show about consumption in the American economy.

0:58.0

And the thing that happens when we consume things is most of the time, we throw it away when we're done with it. And that it just adds to the

1:05.6

waste pile, it adds to the stress on the planet, it uses up our resources, hence something

1:11.0

called the circular economy,

1:13.2

which some people believe

1:14.3

could help us tackle the climate crisis in a way.

1:17.0

Cali Babbot is professor of sustainability

1:18.8

at Rochester Institute of Technology.

1:20.8

Professor Babby, welcome to the podcast.

1:28.4

Hi there, thanks so much for having me. Circular economy, a 30 second definition if you would.

1:38.0

Well, we can think about circular economy by what it's not, and that is the traditional way of going about business, which is a linear economy. We take resources out of the ground, we use them, we make products, and then we ultimately waste them.

...

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