Looking beyond the current take-make-waste extractive industrial model, a circular economy aims to redefine growth, focusing on positive society-wide benefits. It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural, and social capital.
It is based on three principles:
- Design out waste and pollution
- Keep products and materials in use
- Regenerate natural systems
Reference – Ellen Macarthur Foundation
Report by The Circular Jobs Initiative finds the circular economy will benefit from social enterprises becoming better integrated and more widespread.
The Ellen Macarthur Foundation has a wealth of knowledge and information on Circular Economy. We highly recommend you check it out if this is an area that interests you.
