What is the circular economy?
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A circular economy is part of the solution to our global climate emergency – one in which products, services and systems are designed to maximise their value and minimise waste.
It’s an all-encompassing approach to life and business, where everything has value and nothing is wasted. In simple terms, it can be explained as ‘make, use, remake’ as opposed to ‘make, use, dispose’.
Transitioning to a circular economy
The current ‘linear’ system where everyday products are just made, used and disposed of no longer works for businesses, people or our environment.
The ultimate goal of a circular economy is to design out waste. It’s about responsible production where businesses which supply products and services, get the maximum life and value from the natural resources used to make them.
Why do we need a circular economy?
The world’s population is expected to peak at 10bn in 2050. Our resources, the earth’s raw materials, are not limitless. As a result, global labour and raw material costs ...
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