The Circular Economy
In today's economy, we extract resources, manufacture and use products for a short time, and then dispose of them as waste. This linear "take-make-dispose" model of production and consumption generates too much garbage and puts pressure on finite natural resources. By contrast, in a circular economy, the way we design, produce and use products is transformed to eliminate waste, keep materials in high-value use and regenerate natural systems.
Spearheaded globally by the Ellen MacArthur Foundation, the circular economy represents a positive vision for the future – one where economic development does not come at the cost of the environment. It goes beyond treating the symptoms of our wasteful economy to addressing the root causes – eliminating waste by designing it out and preventing it in the first place. What's more, shifting to a circular economy, supports job creation, economic development, and innovation as well as environmental protection.