Circular economy

What is meant by circular economy?

The circular economy is a regenerative system that minimizes the use of resources, waste production, emissions and energy waste by slowing down, reducing and closing energy, product and material cycles. This can be achieved through durable design, maintenance, repair, reuse, remanufacturing, refurbishing and recycling of goods.

The circular economy contrasts with the traditional, linear economic model (“throwaway economy”).