Circular economy

The circular economy is an economic model that focuses on minimizing waste and utilizing resources more efficiently through reuse, recycling, and sustainable production methods.

In contrast to the linear economic model, where products are produced, used, and then discarded, the goal of the circular economy is to create a closed-loop system where materials and products remain in circulation for as long as possible.

Key principles of the circular economy:

1. Reuse and renewal: Designing products that can be reused or upgraded to extend their lifespan and reduce the need for new production.

2. Recycling: Collecting and recycling materials from used products to create new ones, thereby reducing the need for raw material extraction.

3. Sharing economy: Promoting the sharing of products and services to optimize their utilization. An example of this is car-sharing, which several actors have entered in recent years.

4. Sustainable production: Implementing production methods that consider the environment, reduce energy consumption, and limit emissions.

5. Waste management: Minimizing the amount of waste by finding alternative uses for by-products and recycling materials instead of disposing of them.