Positioning Canada as a leader by encouraging the wider adoption of circular approaches
The circular economy is an alternative to the predominant linear “take-make-dispose” economy of production and consumption – a system that relies on the availability of large quantities of relatively cheap materials and inputs in the production of goods and services, and that produces significant volumes of waste. Regenerative by design, the circular economy keeps products, components and materials at their highest utility and value, at all times. In practice this translates into:
- preventing waste through new and innovative business models or through improved design – either for disassembly or for longevity;
- maximizing the continuation of a product’s life through enhanced re-use, repair or remanufacture; and
- improving end of life processing and resource recovery.