Circular economy

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A model of production and consumption which maintains the use of materials and products for as long as possible by reuse, repair and recycling.

A circular economy is an economic system designed to produce no waste or pollution. The framework calls for keeping resources in use for as long as possible, to extract the maximum value from them, then recovering and regenerating products at the end of each service life.

Implementing a circular economy can result in a more competitive economy, as it addresses climate change, decreases the amount of waste, drives productivity, allows for growth, and offers a solution to potential resource scarcity.

See also: Circular design

Links

European Parliament: Circular economy: definition, importance and benefits