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Circular Economy – Answer To The Ecological Debt Of Our Planet – Moonstone International Ivan Bednjički

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Since people on earth use more natural resources than natural ecosystems are able to restore in one year, in 2018, according to Global Footprint Network globally, we will be living on credit since Wednesday, 1 August.

We are entering ecological debt sooner than ever.

Since the start of these kinds of measurements, the day is getting closer to the beginning of the year. In 1997, we entered the ecological debt of the planet at the end of September, but this year already significantly earlier, which proves the strong influence of human activities on nature and its resources.

Considering the current consumption of natural resources, today 1.7 planets would be needed on a global scale and according to WWf Adria, the World Environment Organization in the region, we would require a 2.75 planets for the rate Slovenia has in its consumption of natural resources.

The fact that the limit of the consumption of natural resources for achieving a natural balance or their reproducibility is achieved every year sooner, it means that we are behaving very irresponsibly to our planet. We are living on an ever growing environmental loan which we take at the cost of our children future.

In the Adria region, all countries live above their natural abilities. Slovenia is the first one this year, which entered its ecological debt on May 12th. The following are Croatia (June 19th), Montenegro (June 29th), Bosnia and Herzegovina (July 6th), Macedonia (July 19th) and Serbia (July 30th). In the region, Albania (October 14th) will be the last in ecological debt – the only one better than the global average. Existence in ecological debt is possible only for a short time as ecosystems begin to decline, leading to a system crash. The consequences of life beyond the boundaries of the planet can be felt already with weather extremes, climate change and a sharp decline in global biodiversity.

Global Demand Steadily Rising

Global demand for natural resources has been demonstrated to be steadily rising. In the 20th century, the world’s population increased by 4 times, economic output by 40 times, consumption of fossil fuels 16 times, and water consumption by 9 times. The same trend will continue in the future. By 2050, the global population will rise to 9.6 billion, 86% of people are expected to live in urban environments, and it is clear that the linear economic model will soon, has already reached its limits since it is based on the exploitation of raw materials and the increasing production volume of goods with short lifespan.

ivan bednjički Moon Stone International
Ivan Bednjički – Moon Stone International

At Moon Stone International Investment S.A. from Luxembourg (msii.lu), they believe that the circular economy is one of the responses to the ever-rising ecological debt of the planet. The circular economy, as a new business and economic model of efficient resource management, today represents one of the fundamental development challenges of our society, which will have an ever more important role in the future due to its environmental and climate impacts, and also because of its economic potential. Therefore, the transition to a circular economy is not only a vision, but a necessity. A circular economy connects several concepts, such as green growth, the green economy, industrial symbiosis, efficient use of resources and sustainable development. With wider or narrower focus, the three common goals are: to improve the efficiency of resource use, to ensure resilience of ecosystems and to strengthen social equity.

Most EU Countries Still Ineffective

According to Eurostat, most EU countries are still ineffective in terms of material productivity because they use too many natural resources for the unit of GDP generated, which makes them in a very precarious situation in the long run from a competitive point of view. The reason for this is the overwhelming inheritance of the surviving linear mode of thinking in the economy and service activities (acquire, use, discard). We need to start thinking about how to set up the so called circular economic system in which raw materials, water, energy and other sources will circulate, as they circulate in nature. By introducing the circular economic system, the society will be a step closer to not considering environmental policy as a factor of limiting growth, but as a key development opportunity for a new development paradigm.

Vision at Moon Stone International

What resources do we prefer to manage circularly and how, it depends on the starting points and specificities of individual environments, but the most important sources are the materials, energy, water, space, nature and the social environment. At Moon Stone International Investment SA with its partners, they believe, for our strategic clients based on the environmental paradigm, that with less there needs to be done more and better. They plan, develop and implement business models of efficient cross-sectoral resource management in the urban areas (cities), as in the area of closed business zones. Cities and business zones are in a unique position to guide the global transition to a circular economy with its high concentration of resources, capital, data and talents in a small geographical area and will benefit greatly from the results of such a transition, which among others will require a skilled workforce with specific new skills and the ability to adopt daring and innovative solutions.