Many types of circular economy jobs exist already, especially in economies like South Australia with well-developed recycling and waste management sectors and are investing in renewable energy.
Many of these jobs are in traditional waste management and resource recovery areas such as waste collection, recovery and recycling, reuse (repair, sales of second-hand goods) and sharing (rental and leasing) activities.
By keeping products, components and materials at their maximum utility and value this means:
- designing – or importing – ‘smart’ products that last longer and can be reused many times
- sharing things more and making repair the norm
- recycling materials effectively and converting some waste materials into biofuels
- displacing fossil fuels and derived products with bio-based materials.
- entrepreneurs and innovation in reverse logistics, services, digital technologies will be needed to facilitate these changes
Products that are reused or remanufactured retain much more of the value created during manufacturing, than if these were only recycled. This value, if realised, has the potential to stimulate economic development.
Circular Economy Businesses in SA (case studies)