[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:01.22,0:00:05.74,Default,,0000,0000,0000,,I will never ever forget\Nthe feeling I felt as I saw the sea
Dialogue: 0,0:00:05.74,0:00:07.92,Default,,0000,0000,0000,,and set foot on the boat\Nfor the first time.
Dialogue: 0,0:00:07.92,0:00:09.83,Default,,0000,0000,0000,,And to that four-year-old kid,
Dialogue: 0,0:00:09.83,0:00:12.78,Default,,0000,0000,0000,,it was the greatest sense of freedom\Nthat I could ever imagine.
Dialogue: 0,0:00:13.77,0:00:15.70,Default,,0000,0000,0000,,I just felt, you know, from that age,
Dialogue: 0,0:00:15.70,0:00:19.26,Default,,0000,0000,0000,,I would absolutely love one day,\Nsomehow, to sail around the world.
Dialogue: 0,0:00:27.52,0:00:29.20,Default,,0000,0000,0000,,When you set off on those journeys,
Dialogue: 0,0:00:29.20,0:00:32.62,Default,,0000,0000,0000,,you know, you take with you\Neverything you need for your survival.
Dialogue: 0,0:00:32.92,0:00:34.68,Default,,0000,0000,0000,,What you have is all you have.
Dialogue: 0,0:00:34.68,0:00:36.67,Default,,0000,0000,0000,,You have to manage what you have
Dialogue: 0,0:00:36.67,0:00:39.34,Default,,0000,0000,0000,,down to the last drop of diesel,\Nthe last packet of food.
Dialogue: 0,0:00:39.34,0:00:41.68,Default,,0000,0000,0000,,It's absolutely essential,\Nelse you won't make it.
Dialogue: 0,0:00:41.76,0:00:44.70,Default,,0000,0000,0000,,And I suddenly realized,\N"But why is our world any different?"
Dialogue: 0,0:00:44.70,0:00:46.73,Default,,0000,0000,0000,,You know, we have finite resources,
Dialogue: 0,0:00:46.73,0:00:49.45,Default,,0000,0000,0000,,available to us once\Nin the history of humanity.
Dialogue: 0,0:00:49.78,0:00:52.56,Default,,0000,0000,0000,,You know, metals, plastics, fertilizers.
Dialogue: 0,0:00:52.56,0:00:55.85,Default,,0000,0000,0000,,We're digging all this stuff\Nout of the ground, and we're using it up.
Dialogue: 0,0:00:56.35,0:00:58.37,Default,,0000,0000,0000,,How can that work in the long-term?
Dialogue: 0,0:00:59.15,0:01:02.30,Default,,0000,0000,0000,,Surely there was a different way\Nwe could use resources globally
Dialogue: 0,0:01:02.30,0:01:04.09,Default,,0000,0000,0000,,that used them and not used them up.
Dialogue: 0,0:01:04.09,0:01:05.94,Default,,0000,0000,0000,,That was the question I had in my head,
Dialogue: 0,0:01:05.94,0:01:07.99,Default,,0000,0000,0000,,and it took me a long time\Nto get to a place
Dialogue: 0,0:01:07.99,0:01:10.90,Default,,0000,0000,0000,,where I realized there is\Na different way the economy can run,
Dialogue: 0,0:01:10.90,0:01:13.63,Default,,0000,0000,0000,,there is a different way\Nwe can use stuff, use materials.
Dialogue: 0,0:01:13.87,0:01:15.80,Default,,0000,0000,0000,,And that would be the circular economy.
Dialogue: 0,0:01:19.54,0:01:23.07,Default,,0000,0000,0000,,The way the economy functions\Npredominantly today is very extractive.
Dialogue: 0,0:01:23.07,0:01:24.07,Default,,0000,0000,0000,,It's linear.
Dialogue: 0,0:01:24.07,0:01:27.12,Default,,0000,0000,0000,,We take something out of the ground,\Nwe make something out of it,
Dialogue: 0,0:01:27.12,0:01:29.97,Default,,0000,0000,0000,,and at the end of the life\Nof that product, we throw it away.
Dialogue: 0,0:01:30.24,0:01:31.75,Default,,0000,0000,0000,,No matter how efficient you are
Dialogue: 0,0:01:31.75,0:01:33.93,Default,,0000,0000,0000,,with the materials\Nyou feed into that system,
Dialogue: 0,0:01:33.93,0:01:35.33,Default,,0000,0000,0000,,even if you make that product
Dialogue: 0,0:01:35.33,0:01:38.23,Default,,0000,0000,0000,,using a little bit less energy\Nand a little bit less material,
Dialogue: 0,0:01:38.23,0:01:40.19,Default,,0000,0000,0000,,you're still going to run out in the end.
Dialogue: 0,0:01:40.46,0:01:43.19,Default,,0000,0000,0000,,If you turn that on its head\Nand look at a circular model,
Dialogue: 0,0:01:43.19,0:01:45.10,Default,,0000,0000,0000,,whereby when you design a product,
Dialogue: 0,0:01:45.10,0:01:49.09,Default,,0000,0000,0000,,you take a material out of the ground,\Nor you take recycle material, ideally,
Dialogue: 0,0:01:49.09,0:01:50.56,Default,,0000,0000,0000,,you feed that into the product,
Dialogue: 0,0:01:50.56,0:01:51.85,Default,,0000,0000,0000,,but you design the products
Dialogue: 0,0:01:51.85,0:01:55.36,Default,,0000,0000,0000,,so you can get the materials back out\Nby design, from the outset.
Dialogue: 0,0:01:55.50,0:01:57.58,Default,,0000,0000,0000,,You design out waste and pollution.
Dialogue: 0,0:01:57.58,0:02:00.67,Default,,0000,0000,0000,,Why would you ever create either\Nin a world with finite resources?
Dialogue: 0,0:02:00.67,0:02:02.50,Default,,0000,0000,0000,,It's about the design brief.
Dialogue: 0,0:02:03.30,0:02:05.01,Default,,0000,0000,0000,,Today, if you buy a washing machine,
Dialogue: 0,0:02:05.01,0:02:08.41,Default,,0000,0000,0000,,you pay tax when you buy it,\Nyou own all the materials within it,
Dialogue: 0,0:02:08.41,0:02:10.92,Default,,0000,0000,0000,,and then when it breaks,\Nas they inevitably do,
Dialogue: 0,0:02:10.92,0:02:13.29,Default,,0000,0000,0000,,you pay tax again, landfill tax.
Dialogue: 0,0:02:13.29,0:02:15.33,Default,,0000,0000,0000,,Within a circular system,\Nall that changes.
Dialogue: 0,0:02:15.33,0:02:17.50,Default,,0000,0000,0000,,You don't own your machine,\Nyou pay per wash.
Dialogue: 0,0:02:17.50,0:02:20.32,Default,,0000,0000,0000,,It would be looked after\Nby the manufacturer of the machine,
Dialogue: 0,0:02:20.32,0:02:21.52,Default,,0000,0000,0000,,and they would make sure
Dialogue: 0,0:02:21.52,0:02:23.66,Default,,0000,0000,0000,,that once that machine \Ncomes to the end of its life,
Dialogue: 0,0:02:23.66,0:02:25.86,Default,,0000,0000,0000,,they take it in,\Nthey know what sits within it,
Dialogue: 0,0:02:25.86,0:02:27.86,Default,,0000,0000,0000,,and they can recover\Nthe materials from it.
Dialogue: 0,0:02:27.86,0:02:30.05,Default,,0000,0000,0000,,So you end up with a circular\Nsystem by design.
Dialogue: 0,0:02:30.05,0:02:32.77,Default,,0000,0000,0000,,We've studied at great length\Nthe numbers behind that,
Dialogue: 0,0:02:32.77,0:02:34.02,Default,,0000,0000,0000,,you know, the economics,
Dialogue: 0,0:02:34.02,0:02:35.25,Default,,0000,0000,0000,,and it's much cheaper.
Dialogue: 0,0:02:35.25,0:02:39.68,Default,,0000,0000,0000,,It's 12 US cents \Nversus 27 US cents per wash
Dialogue: 0,0:02:39.68,0:02:41.42,Default,,0000,0000,0000,,to have that circular machine.
Dialogue: 0,0:02:42.60,0:02:44.77,Default,,0000,0000,0000,,We would live within a system that works.
Dialogue: 0,0:02:44.77,0:02:47.16,Default,,0000,0000,0000,,We would not be producing waste.
Dialogue: 0,0:02:47.16,0:02:48.64,Default,,0000,0000,0000,,We would have a better service.
Dialogue: 0,0:02:48.64,0:02:51.11,Default,,0000,0000,0000,,We would have better access to technology.
Dialogue: 0,0:02:51.11,0:02:52.64,Default,,0000,0000,0000,,From all the studies we've done,
Dialogue: 0,0:02:52.64,0:02:55.45,Default,,0000,0000,0000,,because those manufacturers\Naren't buying all the materials,
Dialogue: 0,0:02:55.45,0:02:56.47,Default,,0000,0000,0000,,selling them on,
Dialogue: 0,0:02:56.47,0:02:57.81,Default,,0000,0000,0000,,we would get a better price,
Dialogue: 0,0:02:57.81,0:03:00.60,Default,,0000,0000,0000,,because they would be guaranteed\Ntheir flow of materials
Dialogue: 0,0:03:00.60,0:03:02.06,Default,,0000,0000,0000,,going back into the system.
Dialogue: 0,0:03:06.84,0:03:07.94,Default,,0000,0000,0000,,I'm hugely optimistic
Dialogue: 0,0:03:07.94,0:03:09.72,Default,,0000,0000,0000,,because when you look at the numbers,
Dialogue: 0,0:03:09.72,0:03:11.72,Default,,0000,0000,0000,,when you look at\Nthe economics behind this,
Dialogue: 0,0:03:11.72,0:03:14.32,Default,,0000,0000,0000,,it makes sense to switch\Nto a circular economy.
Dialogue: 0,0:03:14.32,0:03:17.66,Default,,0000,0000,0000,,There's more value in a circular economy\Nthan in a linear economy.
Dialogue: 0,0:03:17.66,0:03:20.80,Default,,0000,0000,0000,,There's absolutely a cost\Nin the transition for a big organization,
Dialogue: 0,0:03:20.80,0:03:22.98,Default,,0000,0000,0000,,but maybe you need to ask yourself\Nanother question:
Dialogue: 0,0:03:22.98,0:03:24.47,Default,,0000,0000,0000,,What's the risk in linear?
Dialogue: 0,0:03:24.47,0:03:26.14,Default,,0000,0000,0000,,Because to me, that's a no-brainer.
Dialogue: 0,0:03:26.14,0:03:27.52,Default,,0000,0000,0000,,There's a big risk in linear.
Dialogue: 0,0:03:27.78,0:03:31.64,Default,,0000,0000,0000,,It simply cannot be the future,\Nbased on pure economics.
Dialogue: 0,0:03:31.64,0:03:33.59,Default,,0000,0000,0000,,So, actually, where do you put your time?
Dialogue: 0,0:03:33.59,0:03:34.97,Default,,0000,0000,0000,,Where do you put your effort?
Dialogue: 0,0:03:34.97,0:03:37.18,Default,,0000,0000,0000,,Let's work out what circular\Nreally looks like
Dialogue: 0,0:03:37.18,0:03:40.67,Default,,0000,0000,0000,,and try and paint that circular tapestry\Nas best as we possibly can.
Dialogue: 0,0:03:41.05,0:03:44.91,Default,,0000,0000,0000,,Subtitles by Maurício Kakuei Tanaka\NReview by Jenny Lam-Chowdhury