What is the Circular Economy?

Posted on

Apr 10th, 2023

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The circular economy is a sustainable way to reuse and regenerate materials often found in technology, which is not only environmentally friendly but can be an economical solution. As more technology enters the economy, we need to get the most from what is already in the cycle.

This system strives to keep materials, products, and services in circulation for as long as possible. The circular economy helps slow climate change by reducing the number of natural resources extracted (which contributes to nearly half of all greenhouse gas emissions). 

circular economy example

The 3 Principles of the Circular Economy

The circular economy has three basic principles: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. These principles are fundamental when it comes to recycling your electronics.

Eliminate Waste and Pollution

There are many ways to eliminate waste from our everyday lives. Some companies have reduced or changed their packaging to reduce their carbon footprint. At Securis, we ensure equipment is recycled, repurposed, refurbished, or resold in compliance with our R2v3 certification. 

The circular economy’s purpose is to reduce the amount of pollution produced. Mining for natural resources uses lots of greenhouse gas emissions.

Circulate Products and Materials (at their highest value).

Circulating products and materials that have already entered the market reduces the need for new materials. Extracting materials from a product prevents the material from becoming waste. 

This occurs in two cycles: the technical cycle and the biological cycle. The technical cycle focuses on reusing, repairing, remanufacturing, and recycling products. Rather than focusing on how to keep using materials, the biological cycle focuses on returning biodegradable materials to the earth through composting and anaerobic digestion. 

When it comes to e-waste, the focus will heavily be on the technical cycle and retaining the value of products. An item that works is much more beneficial when reused than a pile of the materials that make it up.  Keeping it together helps keep the maximum value. However, when parts break, it may be more beneficial for the value to repair or refurbish. Eventually, technology gets to a place where it can no longer be repaired or used, so instead, it needs to be repurposed or recycled. Materials can be used in other various ways, be that in technology or other products. 

Regenerate Nature

By eliminating the need to mine for new materials, we can help the earth regenerate itself. This is extremely important when it comes to e-waste recycling. With new technology constantly being created, we need to consider how often we are extracting new materials from the earth rather than regenerating what we already have. By focusing on renewable resources and finding a way to use renewable energy, we can help reduce the impact of climate change. 

Why it’s Important for E-Waste Recycling

It’s crucial to keep the circular economy in mind when disposing of your end-of-life equipment. Rather than tossing it in the garbage, ensure you are getting the most out of your unwanted technology. 

For more information on properly disposing of your e-waste, contact us here