IE Seminar – Closing the loop through circularity

IE gathered experts to deliberate on the topic of closing the loop through circularity. It highlighted the need and impact that circular economy will create on businesses.

Listen to this article

Understanding carbon dynamics is vital

– Dr Kurian Joseph, Professor and Director Centre for Climate Change and Disaster Management

Limited resources necessitate a shift towards regenerative practices. Reimagining production, consumption and mobility is imperative for transitioning from linear to circular systems. In the context of circularity, the “3R” framework needs to be expanded to encompass “16Rs”. These include various strategies like reforest, rethink, refuse, renewables, right size, recover, regenerate, replenish, amongst others.

Understanding carbon…
Carbon, being pivotal, exists in living and durable forms. Living carbon, cycles through biological processes. Durable carbon, relatively stable, undergoes transformation, such as in decomposing bodies becomes part of vegetation. Thus, understanding carbon dynamics is vital for advancing carbon circularity.

Electrification, renewable energy adoption and green hydrogen utilisation are pivotal. While electrifying mobility and sourcing electricity from renewables could achieve up to 60 per cent decarbonisation, additional efforts, such as employing green hydrogen and carbon capture are necessary.

The path to attain circular carbon economy
Key performance indicators (KPIs) for carbon circularity include greenhouse gas reduction, energy intensity reduction, green investments, carbon pricing, creation of green jobs and innovation. Moreover, sustainable finance and robust measurement, reporting, and verification (MRV) systems are imperative. Education on carbon accounting and quantifying forest carbon stocks is essential. As India transitions towards net zero, electric systems improvement, low-carbon transport, energy and material efficiency, sustainable land management will collectively drive the carbon circular economy.

Latest

Industrial Economist – End of an Epoch

Industrial Economist was founded with a vision to not...

India will be $ 55 trillion economy by 2047 – Krishnamurthy Subramanian, former CEA

Krishnamurthy Subramanian, Executive Director at the International Monetary Fund...

Swelect to invest Rs 500 crore for expansion and cell manufacturing

This will allow the company to cater on a...

A survey of startups in Tamil Nadu

“In the past five months, we’ve actively helped startups...

Newsletter

Don't miss

Industrial Economist – End of an Epoch

Industrial Economist was founded with a vision to not...

India will be $ 55 trillion economy by 2047 – Krishnamurthy Subramanian, former CEA

Krishnamurthy Subramanian, Executive Director at the International Monetary Fund...

Swelect to invest Rs 500 crore for expansion and cell manufacturing

This will allow the company to cater on a...

A survey of startups in Tamil Nadu

“In the past five months, we’ve actively helped startups...

Super Auto Forge: Crafting Precision for 50 years…

A Golden Forge For the fiscal year, SAF registered a...

Industrial Economist – End of an Epoch

Industrial Economist was founded with a vision to not only report on the economic landscape but also to contribute meaningfully to the discourse shaping...

India will be $ 55 trillion economy by 2047 – Krishnamurthy Subramanian, former CEA

Krishnamurthy Subramanian, Executive Director at the International Monetary Fund and the former Chief Economic Advisor, GoI, launched his book India@100: Envisioning tomorrow’s economic power...

Swelect to invest Rs 500 crore for expansion and cell manufacturing

This will allow the company to cater on a global scale as also facilitate backward integration in the value chain. The expansion is expected...