What is a circular economy?
It is a system designed to keep waste out of a production’s manufacturing and consumption phases. Wherever possible, raw materials are preserved and reused, or recycled into new products.
Beyond the current single-use waste economy, a circular economy aims to redefine growth, focusing on positive holistic benefits. It entails decoupling economic activity from consuming finite resources and designing waste out of the system.
The circular economy aims to keep products, equipment, and infrastructure in use for longer, thus improving the productivity of our resources. We continue developing this technology to become an integral part of the circular economy.
Source: Ellen MacArthur Foundation