The Environmental Benefits of the Sharing Economy

The type of lifestyle being lived on earth is, in most cases, causes a deteriorating effect on the resources. Also, the emission level through the use of vehicles and factories has caused their devastating effects. One of the prescribed ways through which a greener planet can be created is through sharing economy.
What Does Sharing Economy Mean?
This collaborative consumption economy works on a peer-to-peer sharing model. This model works on –the ability of individuals to use rented or borrowed goods instead of buying or owning their own.
Although not everybody buys into the idea of sharing economy model, its benefits are enormous. On the economy sharer’s part, there is cost management and convenience. Earth also benefits from a reduction in the usage of its resources.
Other Ways Sharing Economy Benefits The Environment

• Reduction In Emission

One of the biggest issues we have faced on this earth is the emissions from vehicles. The statistics on the negative effect of the gaseous emission from vehicles alone are staggering. There is a need to reduce this statistic and one of the main avenues where this can be achieved is through sharing economy.
Here, the combined use of public transportations, bicycles, ride-sharing platforms, walking and so on comes into play. Interestingly, some of the emission is due to the production of electricity. This particular aspect can be addressed by using solar panels and other green alternative sources of electricity.
Furthermore, another eco-friendly means through which you can get your accommodation like Airbnb helps in preserving trees.

• Water Wastage Reduction

The insane amount of water used by some institutions like hotels is truly staggering. Numerous hotels are in the habit of washing everything every day even when not used. Of course, the resultant effect is a large amount of water being wasted for no particular reason.
Living in a rented space can help reduce this harmful practice drastically. You are in charge of determining what quantity of water is sent down the drain and washed away.

• Reduction In Fuel Consumption

Using ride-sharing platforms has its benefits. Chiefly, it reduces the amount of greenhouse gas emissions. Interestingly, it also reduces fuel consumption. It is important to note that gasoline is not a non-renewable resource on earth. This should be something we should try to preserve.
Going to your preferred destinations using ride-sharing platforms will positively influence the rate at which gasoline is being used. In truth, it also helps to reduce the number of cars on the road. Hence, reducing the traffic jam.

• Reduction In Other Wasted Resources

The sharing economy also helps users reduce other resources. Numerous sharing economy platforms offer useful items up for rent over your preferred period. Instead of outright getting yours through taking from an already depleting resource pool, renting is better.
You can think upon any resource you would like to have and you would discover that there is a sharing economy platform already set up to take care of your need.
To Wrap It Up
The sharing economy is a great step into creating and preserving the greener planet everyone hopes for. The narrative for a greener world must be keyed into for the better management of the resources left.


References
https://searchcio.techtarget.com/definition/sharing-economy
https://www.diva-portal.org/smash/get/diva2:1145502/FULLTEXT01.pdf
https://www.parqex.com/4-ways-the-sharing-economy-helps-the-environment