The circular economy is a system designed to eliminate waste and the continual use of resources. It contrasts with the traditional linear economy model, which follows a “take-make-dispose” pattern.

Here are some key principles:

• Design Out Waste: Products should be designed to minimize waste generation.
• Keep Products and Materials in Use: Focus on repair, reuse, refurbishment, and remanufacturing.
• Regenerate Natural Systems: Support natural systems to replenish resources and reduce environmental impact.

Implementing circular economy principles can lead to significant benefits, including reduced environmental impact, increased resource efficiency, and new economic opportunities.