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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.
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