According to Sustainability Guide, Circular Economy is a manifestation of economic models that highlight business opportunities where cycles rather than linear processes, dominate. It is restorative and regenerative by design and aims to keep products, components, and materials at their highest utility and value at all times.

In today’s established economic systems, goods are produced, used and discarded, a linear economy where the flow has a clear beginning and a clear end. A circular economy works quite differently. Products and services in a circular economy are designed in a way that allows them to be reused, either in the biological or technical cycles.

All products are manufactured in a way so they can be disassembled and materials will either be broken down by nature or returned to production. Biological material therefore consists of non-toxic, clean feeds and technical materials are designed to be a resource to be used industrially again. The goal is to throw nothing away and to reduce the need for purchasing new commodities, while production and transportation is best achieved with renewable energy.

source: sustainabilityguide.eu

The European Commission has adopted a new Circular Economy Action Plan - one of the main blocks of the European Green Deal, Europe’s new agenda for sustainable growth.

The new Action Plan announces initiatives along the entire life cycle of products, targeting for example their design, promoting circular economy processes, fostering sustainable consumption, and aiming to ensure that the resources used are kept in the EU economy for as long as possible.

source: ec.europa.eu