What is the aim of a circular economy?

The aim of a circular economy is fundamentally about creating an economic model that eliminates waste and promotes the continual use of resources. This approach contrasts sharply with traditional linear models, which typically follow a 'take, make, dispose' pattern that leads to significant waste and resource depletion. In a circular economy, products are designed with their entire lifecycle in mind; this means materials are reused, repaired, refurbished, and recycled, thereby minimizing environmental impact and fostering sustainability.

By encouraging resource reuse, the circular economy not only enhances efficiency but also supports economic growth while alleviating pressure on the environment. This system recognizes the finite nature of our planet's resources and aims to create a sustainable way of operating that benefits both society and the economy. The vision of a circular economy seeks to close the loop of product lifecycles through greater resource efficiency, essentially turning waste into a resource rather than allowing it to accumulate.