Transcript
Lindy Prickett (0:00)
Foreign.
Tom Edwards (0:06)
As the need for more sustainable systems increases around the world. Is the circular economy the answer to helping our planet in the fight against climate change? This is Pullman Voices, a podcast by Monocle Radio that offers fresh perspectives from cultural pioneers, business leaders and creative minds challenging how we see and engage with the world. I'm your host, Tom Edwards. Today our guest is India's leading voice on the circular economy, Shalini Goyal Pala.
Shalini Goyal Pala (0:36)
It's a huge opportunity. There is a market that needs someone has to bridge that gap, someone who is the first mover will take the advantage. And we are seeing lot of models that are coming up, lot of innovation that's coming up.
Tom Edwards (0:54)
Cellini is managing director of a think tank called International Council for Circular Economy. She's also the author of Circular Economy re Emerging Movement, a book that introduced the idea to a whole new audience looking for solutions to sustainability issues. So what does the term actually mean? Well, the circular economy is a model for production and consumption where materials never become waste, thus reducing the need to utilise as many of our natural resources as we do now. It starts with good design, making things that can be repurposed and. And then it comes down to sharing items we own or repairing rather than buying new each time. According to the most recent reports published in 2023, only just over 7% of the world's economy is circular. But it's becoming an increasingly popular idea. The European Union has stated that it wants to move to a circular economy by 2050 and many countries around the world are adopting new policies to make similar moves. Today, our correspondent in New Delhi, Lindy Prickett, meets Shalini to discuss what the circular economy is India's approach to and why it's such fertile ground for new business and innovation across all industries, from tech to tourism.
Lindy Prickett (2:14)
We're sitting here in Lodhi Gardens in the middle of a very urban, not always environmentally perfect New Delhi and we're going to talk about the circular economy. And I think it's interesting because a lot of people think the circular economy is a slightly more complicated version of regional. But even that's an oversimplification, isn't it? Can you walk us through what a circular economy is?
Shalini Goyal Pala (2:38)
Yeah, thank you for asking that as a first question, Linda, because the myth is recycling is circular economy. That's not. Recycling is a very small and one of the most, the least expected outcomes of circular economy. Circular economy begins with production. It begins with the designing from a new perspective altogether in such a way that we reduce the waste right from the design phase. Of a product. So how do we design a product? How do we design the supply chains, how do we market the product and then recollecting it, reusing it or refurbishing it and if nothing happens, recycling it. Unfortunately, mostly all economies have started to look at recycling as one of the alternates to circular economy. But I believe if a economies continue to build policies and talk only about recycling at circularity, we will end up being recycling economies and not circular economies. It is a much wider production and consumption instrument rather than what we call as recycling. There need to be a lot of focus on design thinking. There needs to be a whole perspective looking at how do we design for the modern world, how do we design so that we consume less of resources. So, you know, mobile phones, when we use the phone we tend to kind of see that in a couple of years of its usage, it becomes slow or the screen goes bad or the battery goes bad. And most of the time the replacement of these components is so expensive or undoable that one tends to buy a new phone and replace the old with a new one. Whereas these kind of issues can be taken care of by taking a modular approach. You could have components that could be easily changed. For example, the battery or the screen could be changed to make the phone a new one and can last another couple of years using the same resources, the same phone. You don't have to buy a new one. And just imagine how much energy do we kind of save. How much material do we save when we use it for another couple of years? Similarly, if you talk about, let's say the construction industry, every time a building is broken down, what happens to the products that the components, the steel, the cement, the concrete that goes into building it, usually that's thrown away. But then what do we do with it? Is there a way we build any building in such a way that it can be broken down and the components could be reused? That's where circularity comes in. The ultimate objective thinking of an ultimate product as something that could be reused for a longer duration or could be if need to be broken, broken into a modular way so that it could be reused. That's what circularity brings in. And that's of completely, as you can understand, has to begin from the very beginning. That's the design phase of it.
