What is the Circular Economy model?

The Circular Economy model is fundamentally designed to minimize waste and promote the continual use and reuse of resources. This approach contrasts with traditional linear economic models, which often emphasize a sequence of "take, make, dispose." In a Circular Economy, resources are kept in use for as long as possible through practices such as recycling, refurbishing, and remanufacturing. This model encourages sustainability by reducing the amount of waste generated and conserving natural resources, ultimately aiming to create a closed-loop system that benefits the environment.

This concept is increasingly relevant in discussions around sustainability, as it aims to decouple economic growth from resource consumption. The Circular Economy not only addresses environmental challenges but also opens up opportunities for innovation and economic growth by creating new business models focused on sustainable practices.