What is a circular economy?

What is a circular economy?

In our current economy, we take materials from the Earth, make products from them, and eventually throw them away as waste – the process is linear. In a circular economy, by contrast, we stop waste being produced in the first place.

The circular economy is based on three principles, driven by design:

  • Eliminate waste and pollution

  • Circulate products and materials (at their highest value)

  • Regenerate nature

It is underpinned by a transition to renewable energy and materials. A circular economy decouples economic activity from the consumption of finite resources. It is a resilient system that is good for business, people and the environment.

 

READ MORE - Circular Economy introduction from the Ellen Macarthur Foundation

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