Doughnut Economics and the Circular Economy

Embracing Doughnut Economics and the Circular Economy for a Sustainable Future

Do you ever feel like there could be more you could do for the environment, your wallet, or just yourself? Recently, I delved into the concept of doughnut economics, which led me to the broader idea of a circular economy. This topic follows last week's podcast, where I shared that 87% of us have something pre-loved in our closets. This statistic intrigues me because it highlights how one person's trash can indeed be someone else's treasure.

Today, let's explore doughnut economics, the circular economy, and how small contributions can make a significant impact.

Understanding Doughnut Economics

Doughnut economics, popularized by Kate Raworth, is a compelling framework for sustainable living. Instead of focusing on continuous growth and GDP, this model emphasizes achieving a minimum living standard for everyone while maintaining a healthy planet. Imagine a doughnut: the inner ring represents the minimum living standard, while the outer ring signifies environmental limits. Our goal is to live within this "doughnut" space, balancing human well-being and ecological sustainability.

Embracing the Circular Economy

A key aspect of doughnut economics is transitioning to a circular economy, where resources are reused and recycled rather than continuously manufactured. This mindset shift can happen on a small scale, starting in our own homes.

Practical Steps to a Circular Lifestyle

1. Selling and Donating Unused Items: Instead of letting things gather dust, sell or donate items you no longer use. Platforms like Marketplace, eBay, and Gumtree are excellent for finding new homes for your belongings. For instance, I have a dehumidifier, a kombucha maker, and a dehydrator that I rarely use. They were sitting unused and are now loved by someone else rather than taking up space in my home.
2. Shopping Secondhand: Before buying new, consider shopping secondhand. High-end consignment stores, thrift shops, and online marketplaces often have quality items at a fraction of the cost. This is saving you money but also reducing the demand for new products, lowering our environmental footprint.
3. Donating to Specific Programs: If you have clothes or items in good condition but don't want to sell them, consider donating to organizations like Fit for Work or Anglicare. You will be helping people re-enter the workforce with suitable attire, while making a positive impact on both the that person and our environment.

Avoiding Scams and Safe Selling

While selling items online, be cautious of potential scams. Common scams involve buyers offering to pay upfront and then disappearing after receiving a small payment from you. To avoid this, consider selling through specific Facebook groups related to the item you're selling. This method reduces the risk of scams and connects you with genuine buyers.

Recap: Simple Steps for Sustainable Living

1. Buy and sell secondhand: Utilize shops, eBay, and Marketplace. Remember, your trash can be someone else's treasure.
2. Donate thoughtfully: Contribute items to programs that help others while reducing waste.
3. Be cautious online: Avoid scams by selling through trusted groups and never accept upfront payments.

Let's consume consciously and create a positive impact together. Being even a little bit conscious will help our beautiful planet and gives you a little side hustle!!

TL;DR: Embracing Doughnut Economics and the Circular Economy

Feel like you could do more for the environment, your wallet, or yourself? Consider doughnut economics and the circular economy. Doughnut economics, popularized by Kate Raworth, focuses on balancing human well-being and ecological sustainability by living within a "doughnut" space between minimum living standards and environmental limits.

To embrace this on a small scale:

Sell or Donate Unused Items: Use high end second hand shops, platforms like Marketplace, eBay, and Gumtree to give your unused items a new home.

Shop Secondhand: Save money and reduce your environmental footprint by buying from op shops, higher end second hand shops, and online marketplaces.

Avoid Scams: Sell through trusted Facebook groups and never accept upfront payments.

You can play  a part in creating a circular economy, and make a bit on the side, benefiting both the environment and you!! . Let's consume consciously and make a positive impact together!

Acknowledgment: We acknowledge the traditional owners and custodians of the land on which we live and work. We pay our respects to their ancestors and elders past, present, and emerging. We are grateful to live on this land and honor the traditions of storytelling and connection to the land.

Disclaimer: The advice in this blog is general and does not take into account individual needs and circumstances. Always consider the appropriateness of any advice to your personal situation and seek expert guidance before making financial decisions