Circular Economy
A circular economy aims to addresses a range of imminent challenges, including climate change, biodiversity loss, and the over-consumption of finite resources, by reducing the wasteful and resource-hungry processes of conventional, linear, models of production and consumption.[1]
While conventional models of resource use follow a linear path--from resource extraction, manufacturing, distribution, consumption and disposal--circular economies place a greater focus on the “sharing, leasing, reusing, repairing, refurbishing and recycling”[2] of materials already in use in the economy.