Circular Economy
A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which resources are kept in use for as long as possible, extracting the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life.
As well as creating new opportunities for growth, a more circular economy is intended to:
- reduce waste;
- drive greater resource productivity;
- deliver a more competitive economy;
- better address emerging resource security/scarcity issues in the future;
- help reduce the environmental impacts of production and consumption [1].
In the UK Governments new Resources and Waste Strategy, a main goal is to encourage and incentivise the shift to a circular economy.
- ↑ sic WRAP, 2019. Wrap.org.uk. and the circular economy, WRAP UK. [online] Available at: http://www.wrap.org.uk/about-us/about/wrap-and-circular-economy [Accessed 30 Oct. 2019].