How to Create a Sustainable Circular Economy

In my lifetime, the world’s population will increase from 5 billion to nearly 10 billion people. More importantly, we have the opportunity to build sustainable cities that will house this increase in population. According to the United Nations, two-thirds of the world’s population will be living in a city by 2050. Many cities will need to be redeveloped and expand their borders to keep up with this growth.

How to Create a Sustainable Circular Economy

Undoubtedly, we should take this opportunity to build infrastructure that will serve us well into the future. Instead of constructing buildings that will lock us into inefficient fossil fuel consumption, let’s build homes, offices, and downtown areas that are well insulated, use solar energy and are constructed with rainwater (run-off) management best practices. If investors, companies, and consumers come together to create a more sustainable economy, we can make a huge difference.

Conscious Consumerism: Increase the Demand for Sustainable Products

You can make an impact by purchasing products that are made from post-consumer recycled content. First and foremost, re-using items already in circulation is the best way to reduce new raw material use. Upcycling and reusing items support a circular economy. More importantly, upcycling typically bolsters local economies and helps small business owners.

Raw material source reduction, reuse, and recycling help us divert waste that would otherwise have been sent to a landfill. The question is, how are you helping to reduce your carbon footprint? Is a friend’s birthday coming up? Give the gift of sustainability with this beautiful and unique upcycled canvas tote.

Myra’s Bags are made from upcycled canvas tarps and tents. The bags measure 11″ W x 13″ H and has a 22″ adjustable strap.

Each bag is truly original since they are made from upcycled materials.  This bag is a perfect blend of earth-friendly fashion. The tarps that these bags are made from have literally traveled the world. Each bag will sport its own unique marks of wear and tear. Slight variations, including stitch marks and minor staining on the canvas, are possible. These are the hallmarks of an up-cycled item!

An Ever-Increasing Population Paired with Limited Resources

We cannot deny the population growth numbers. In short, the numbers say that we must build new homes or remodel existing ones to house our friends and family. Let’s take this opportunity to create a new sustainable circular global economy.

In fact, we should look at this opportunity as a way to innovate alternative sustainable products. If we don’t, we will end up locking ourselves into an unsustainable infrastructure system that will last us 50+ years.

So how do we build a more sustainable future?

We can extend our planet’s natural resources by constructing buildings that can engage in demand response programs, employ alternative energy resources, and install water-saving appliances. Properties that do not have a high R-rating (a measurement of how insulated a building is), require more energy. This leads to an unstable grid and a need to build more energy-producing facilities.

As our world’s population increases, we have an opportunity to plan for a future where we can do more with fewer resources.

Sustainable Practices: Incentivising Companies to Change

On one hand, we can incentivize companies to produce sustainable products through conscious consumerism. On the other hand, investing in ESG ETFs allow investors to support companies that care about a triple bottom line. By voting with our dollars through conscious consumerism and investing in ESG companies, we can shape the future we live in.

Change can come from any number of places. In last week’s article, I talked about how large investment funds are ​shifting their portfolio strategies to support sustainable economic practices. Blackrock is the world’s largest asset manager, with $7 trillion of assets under management (at the time of this writing). The company has stated that in 2020 it will divest most of the stocks in its portfolio of companies that are in the fossil fuel and coal-related industries. Below you can watch an interview by CNBC and Mr. Fink. In the video, he discusses the company’s new portfolio strategy.

Additionally, a private equity giant, Blackstone has just invested $850 million into its commercial and industrial solar assets portfolio. As major investors, these companies are creating change from the top. As consumers, we can create change from the bottom. Hopefully, somewhere in the middle, companies will be incentivized to produce sustainable products.

Eco Economics was created to help you learn about personal finance while creating a more sustainable future. To learn more about the company visit Eco Economic’s website.

Support sustainable businesses by buying products from and investing in companies that put their people and the planet first.

Want to Learn About How to Support CSR Companies? Read the Following:

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