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Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project [1] or the construction of a building. [2] In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. [3]
Refusing, reducing, reusing, recycling and composting allow to reduce waste. Waste minimisation is a set of processes and practices intended to reduce the amount of waste produced. By reducing or eliminating the generation of harmful and persistent wastes, waste minimisation supports efforts to promote a more sustainable society. [ 1 ]
There are many synonyms or similar terms in use for low-carbon economy which stress different aspects of the concept, for example: green economy, sustainable economy, carbon-neutral economy, low-emissions economy, climate-friendly economy, decarbonised economy. The term carbon in low-carbon economy is short hand for all greenhouse gases.
Improved energy efficiency in buildings ("green buildings"), industrial processes and transportation could reduce the world's energy needs in 2050 by one third. This would help reduce global emissions of greenhouse gases. [97] For example, insulating a building allows it to use less heating and cooling energy to achieve and maintain thermal ...
Source reduction is activities designed to reduce the volume, mass, or toxicity of products throughout the life cycle. It includes the design and manufacture, use, and disposal of products with minimum toxic content, minimum volume of material, and/or a longer useful life.
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In economics, shrinkflation, also known as package downsizing, weight-out, [2] and price pack architecture [3] is the process of items shrinking in size or quantity while the prices remain the same. [ 4 ] [ 5 ] The word is a portmanteau of the words shrink and inflation .