Summary
Resource efficiency is one of the key elements of sustainable development. According to TERI, “resource efficiency is an approach that optimizes material consumption at every step of value chain of resources”. It is primarily one of the best strategies to realize the larger goal of circular economy framework that promotes Reduce, Reuse, Recycle, Refurbish, Redesign and Remanufacture. Circular economy is a pathway to resource-constrained countries with inadequate development. The central idea is generating as little waste as possible and converting the same into useful products. The future of the world needs to be strengthened by resource use efficiency.
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