Page 53 - IMDR JOURNAL- 2022
P. 53
As India is creating new infrastructure to satisfy its expanding mobility demands, today's choices will define
the mid-to-long-term growth of the mobility system. When compared to the existing growth environment, a
circular economy development route for mobility and car production might provide yearly savings of Rs. 31
lakh crore (US$ 482 billion) by 2050. Applying circular economy concepts might potentially build a highly
innovative and effective mobility system with decreased negative externalities.
It's possible to integrate industrial and natural processes more generally by adopting a systems approach,
which allows enterprises to benefit from vital ecosystem services like flood control, pollution absorption,
and carbon (C) sequestration in terrestrial ecosystems (Fiksel et al. 2014). Soil health is restored, water
quality is improved, water supplies are more easily renewed, and nature's services improve the ecosystem as
a whole. Today, many progressive organisations are realising the need for ecosystem services to maintain the
sustainability of their supply chains and are seeking resource efficiency coupled with end-of-life waste
minimization, recovery, and reuse (Fiksel 2015).
CONCLUSION
A restorative or regenerative economy that pays equal attention to and cares equally for people, the planet,
and profits also implies the necessity of opting for renewable resources and simultaneously working towards
the elimination of waste via a more pragmatic way of making materials products, systems, and business
models.
Governments labour to execute their objectives, but it is up to us to think and behave in a way that furthers
this greater good.
For starters, we must devise innovative strategies for repurposing the world's finite resources while
simultaneously maximising their efficiency. So, while developing things that endure long and recovering
everything from them to recycle along the value chain, we also need to discover alternate sources of
sustainable raw materials like biomass and CO2 (Carbon Dioxide) itself.
Moreover, we also need renewable energy to power a genuine resource-efficient country. These steps would
assist lower the carbon output by 44 percent, plus greatly decreasing congestion and pollution.
Say No to 'use and throw.'
Businesses and individuals alike might directly profit from the circular economy shift in India, which also
reduces negative externalities. Few of ideas, including the Government, could set up industrial regions with
infrastructure and protections to promote the informal recycling sector. Rather than cracking down on the
48