Circular Economy

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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.

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.