Consumption and its Impact on Environment and Society

Jul 9, 2024

Lecture Notes: Consumption and its Impact on Environment and Society

Introduction

  • Wide Range of Products: Modern society has access to various products to meet basic and sophisticated needs.
  • Importance of Study: Understanding consumption behavior and its environmental and social impact is crucial.

Linear Economic Model

  • Definition: Current model is linear – involves extraction, production, distribution, consumption, and disposal.
  • Extraction of Raw Materials:
    • Involves obtaining non-renewable or slow-regenerating resources.
    • Often requires significant natural resource extraction.
  • Production:
    • Utilizes harmful chemicals to increase production efficiency.
    • Production is often offshored to developing countries with lax regulations.
    • Results in polluting or toxic by-products.
  • Distribution and Purchase:
    • Prices often don’t reflect true environmental/social costs (pollution, cheap labor).
    • Growth driven by planned obsolescence, leading to repeated purchases.
    • Products have shorter lifespans.
  • Disposal:
    • Majority of products end up as waste.
    • Waste production volume has doubled in 30 years.
    • Waste management is a significant problem.
  • Sustainability Issue: Linear model is unsustainable in the long run.

Moving Towards a Circular Economy

  • Transformation Needed: Requires efforts from governments, companies, and citizens.
  • Government Role:
    • Encourage responsible production.
    • Legislate environmentally-friendly production.
    • Hold companies accountable for their externalities.
  • Consumer Role:
    • Demand responsible products.
    • Make informed purchasing decisions.
  • Company Role:
    • Design products responsibly.
    • Transition from linear to circular production model.
    • Focus on repair and reuse of products.

Innovations and Efforts

  • Current Efforts: Several individuals and groups are already working towards a circular economy.
  • Need for Innovation: Continuous innovation is essential for achieving a sustainable planet.