Circular Economy
What is Circular Economy?
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)
Resources
Report by The Circular Jobs Initiative finds the circular economy will benefit from social enterprises becoming better integrated and more widespread.
Graph (Reference - Ellen Macarthur Foundation)
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.