“Since the 1970s, humanity has been in ecological overshoot, with annual demand on resources exceeding what Earth can regenerate each year. Today humanity uses the equivalent of 1.6 Earths to provide the resources we use and absorb our waste.” Global Footprint Network
So, it is important and urgent to decouple economic growth from resource depletion. This is why, a circular economy seems like an attractive and viable solution to explore. It breaks with the traditional pattern of linear production (produce, use, dispose), to which it substitutes a logical loop, optimizing value creation throughout the life cycle.
What is a circular economy?
According to ADEME, the French Environment and Energy Management Agency, most key players unite over a definition of circular economy that is broadly based on seven pillars:
More broadly, according to the Ellen MacArthur Foundation, a circular economy is restorative and regenerative by design, aiming to keep products, components, and materials at their highest utility and value at all times. It is based on three principles:
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