“Adopting circular economy principles could significantly enhance global construction industry productivity, saving at least US$100bn a year.” —World Economic Forum, 2016
The way we currently utilise resources in the built environment is unsustainable for three core reasons:
The built environment uses half of the materials extracted, is responsible for one-third of global waste and accounts for approximately 39% of global energy-related CO2 emissions. We need to explore avenues to close material loops and lower emissions through circular solutions while investigating cross-industry opportunities and business models. Stakeholders at every stage of the built environment value chain have a role to play.
Tags: building, construction
India’s built environment sector is embracing the circular economy movement. By prioritizing sustainability, resource efficiency, and community engagement, India is not only transforming its physical infrastructure but also creating healthier, more resilient, and inclusive communities for generations to come.