What is the Circular Economy?
The circular economy is a closed loop model of production and consumption that involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products for as long as possible to maximise their lifecycle and minimise waste. The circular economy is based on 3 principles of eliminate waste and pollution, circulate goods and materials, regenerate nature. The circular economy is underpinned by a move to renewable energy and materials, moving economic activity away from the consumption of finite resources. The circular economy is a resilient system that benefits business, people and the environment.
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Chatham House: https://www.chathamhouse.org/2021/06/what-circular-economy
Ellen McArthur Foundation: https://ellenmacarthurfoundation.org/topics/circular-economy-introduction/overview