It shows of all the materials used in the global economy only 7.2% are effectively recycled or reused in a circular manner. (Circularity Gap Report, 2023)

PaaS is a circular economy model where products are provided as a service rather than being sold as physical items. This approach promotes sharing, repair, & leasing, reducing the need for continuous production of new goods.

Planetary boundaries are key environmental limits that measure the health of the planet across areas such as land, water & air. Latest study published in the journal Nature shows that human activities have pushed 7 out of 8 planetary boundaries out of their “safe & just limits” into risk zones.

Here resources are extracted impacting earth’s regenerative capacity & at this pace it’s not sustainable. These are further discarded as waste, depleting natural resources, which harms species, pollutes soil & water with toxins, & contributes to global warming.

It looks at waste as an error of design. This conserves resources, reduces waste, lowers energy requirement, mitigates the pollution challenge & it’s the promising way forward to address the global challenge of climate change.