Sustainable Development with a fully circular economy as the new paradigm

The pace of technological transformation of our lives has been increasing exponentially. Ordinary people in advanced industrial economies have material comfort and consumption levels, unimaginable even a generation earlier. Developing countries aspire to catch up. But the impossibility of humanity continuing on the present trajectory of economic growth is becoming quite clear. If every human being on the planet were to achieve the consumption levels in the developed economies, the natural resources for this are just not available on our planet, Earth. We would need seven planet Earth which we do not have. Hence a massive course correction with sustainability as the primary goal is now unavoidable. Sustainable development with a fully circular economy has to become the new paradigm rather than growth in GDP.