The term circular economy refers to systemically conceived and resource-efficient closed-loop systems, which is increasingly perceived as an important concept with which ecological and economic goals can be reconciled. 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. The circular economy also enables environmental sustainability.
Learn more about the concept of the Circular Economy.