What is Circular Economy?

A circular economy is an economic system that values a healthy economic structure with enhanced environmental sustainability. Circular economies prioritize the elimination of waste and the use of resources in a responsible manner — employing reuse, repair, recycling, repair, reimbursement, and sharing to create a closed-loop system that minimizes the creation of waste, pollution, and carbon emissions. The circular economy is designed to keep products, infrastructure, and equipment in use longer, to improve the productivity of all-import natural resources. The circular economic approach stands in contrast to a linear economy that employs an unsustainable "take, make, dispose" model of production.