The concept of a circular economy is gaining momentum as industries seek sustainable solutions that address environmental challenges and resource limitations. But what does a circular economy mean for us as engineers, and how can we incorporate it into our designs? In this post, we take a look at why embracing it is crucial for design engineers.
The circular economy
Imagine a world where nothing goes to waste, where we design every product with its entire lifecycle in mind. That is the essence of a circular economy according to Schneider Electric. Defined by the Ellen MacArthur Foundation, it is a “framework for an economy that is restorative and regenerative by design.”
This paradigm shift is critical for engineers and designers who play a pivotal role in shaping the future of industries. By considering circular principles, they can create products and systems that not only minimise waste but also maximise resource efficiency and economic growth.
The difference between linear and circular models
For too long, we have been stuck in a “take-make-dispose” model. We extract resources, create products, and then scrap most of it. And let us face it, landfills are not exactly the pinnacle of engineering achievement. Furthermore, the circular model flips this on its head. It is about closing the loop, ensuring the reuse of materials and products through remanufacturing, or recycling. Importantly, it is not just about sustainability. It is also about creating systems that make economic sense while preserving our planet’s resources.
Beyond sustainability: the scope of circularity
Circularity goes beyond the concept of sustainability. It is about creating universal change that enables massive, resilient growth. By adopting circular models, companies can enhance resource efficiency, reduce environmental impact, and open new economic opportunities. Importantly, it also helps in the fight against climate change.
Why should engineers care?
Firstly, there is the climate Impact. Estimates are that we can address 45% of global greenhouse gas emissions by adopting circular economy approaches. That is huge! Secondly, designing for circularity pushes innovation opportunities, by making us think freely, thus creating fresh solutions and technologies. And thirdly, McKinsey estimates that the economic potential of the circular economy could save up to €600 billion annually by 2030.
Practical steps for adopting circularity.
So, how do we make this happen? Here are some key considerations:
- Digitalise supply chains: Embrace digital tools for better traceability and transparency. This is crucial for managing the complexity of circular systems.
- Design for circularity: We can excel by focusing on:
- Material selection (recyclable or biodegradable)
- Durability (products that last)
- Reparability (easy to fix)
- Recyclability (easy to disassemble and recycle)
- Collaborate across the value chain: We cannot do this alone. Work with suppliers, waste management companies, and recycling facilities to create truly circular systems.
- Raise awareness and be an advocate: Educate your team, your company, and your customers about the benefits of circularity.
The Rewards of Going Circular
Embracing circular principles is not only good for the planet, but also for business too:
- Resource Efficiency: Optimise resource use, minimise waste, save costs.
- New Revenue Streams: Think product-as-a-service models. It is not just about selling products: it is about providing ongoing value.
- Innovation & Differentiation: Stand out in the market with truly sustainable solutions.
- Enhanced Reputation: Attract environmentally conscious customers, investors, and partners.
By embracing circularity, engineers have the power to drive the change needed to create a more sustainable, efficient, and prosperous future. The transition is complex, but it is also an incredible opportunity to innovate and create lasting positive impact. Global warming is accelerating, and the circular economy is not a trend, it is the future of engineering. And that future starts now, before it is too late.
To find out more about the circular economy and its impact on industries, watch this insightful video by the Financial Times. It features Barbara Frei, Executive Vice President of Industrial Automation at Schneider Electric discussing how circularity drives resilient growth.
