CIRCULAR ECONOMY CAN SPUR GROWTH IN TOURISM SECTOR

News & Blog

10th March 2019

In the Business Daily 

A circular economy is not an entirely new concept. The Netherlands, for instance, is working on going fully circular by 2050. This means its economy will run fully on reusable raw materials. It is an idea that is looking quite popular in the tiny European nation sandwiched between Belgium and Germany.

Many businesses and NGOs are signing up for a 100 per cent circular economy.

Like other concepts, the circular economy has its antithesis, which also happens to be the dominant economic model. As the name suggests, a linear economy is simply take, make, waste economic model. It is an outdated energy system. Linear economy assumes that resources are infinite and that irrespective of how we use them, they always regenerate themselves for the benefit of man. But we now know that resources are finite. In fact, our world as we know it has its limits beyond which it cannot be stretched any further.

Therefore, if we do not manage our resources intelligently and sustainably, there will be nothing to hand over to the next generation. Read More Below.