Formulate how the idea is part of the circular economy


Problem

Alliance to End Plastic Waste' mission is to end or reduce plastic waste. One of their initiatives is the End Plastic Waste Innovation Platform to foster start-ups and identifies innovative ideas in the following key areas:

1) "Collection, management and sorting of plastic waste;

2) Recycling and processing technologies;

3) Extraction and value creation from post recycled plastics." (Alliance to End Plastic Waste, n.d., para. 5)

(Source: Alliance to End Plastic Waste (n.d.). End Plastic Waste Innovation Platform.)

i. Construct one concept/idea that would meet the requirements of End Plastic Waste Innovation Platform. Appraise the idea and produce a concept paper on how it works and which objective it aims to achieve. Formulate how the idea is part of the circular economy.

ii. Examine how your concept/idea in (i) has an impact on any two SDGs (Sustainable Development Goals), beyond plastic waste. How does the concept/idea help in achieving the goals? Provide relevant examples.

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Microeconomics: Formulate how the idea is part of the circular economy
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