3 Examples of Using Waste as a Resource

Using waste as a resource, rather than disposing of it as waste, is what makes a circular economy circular. It takes the two ends of a linear product lifecycle – namely resource sourcing at the start and product disposal at the end – and links them together into a closed loop, where the materials contained in end-of-life  products are extracted and used as resource inputs to make new products.

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Leasing: The New Circular Ownership Model

Leasing agreements benefit the circular economy

Leasing is an ownership model in which a person rents, rather than buys, a product from a company. Instead of paying the full price upfront in exchange for ownership over the product – as done in a purchase-based ownership model – the customer instead pays the company in installments in exchange for continued access to the product over an agreed period of time. During this time, the customer can keep the product and make use of it as they wish, but they never actually own the product. The provider is the one who maintains ownership over the product, as well as the responsibility to maintain it, replace it if it is broken or outdated, and retrieve it once the lease period is over.

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