Circular economy

An economic system in which the value of products, materials and other resources in the economy is maintained for as long as possible, enhancing their efficient use in production and consumption, thereby reducing the environmental impact of their use, minimising waste and the release of hazardous substances at all stages of their life cycle, including through the application of the waste hierarchy.

The circular economy is an innovative economic model that aims to make optimal use of products, materials, and resources throughout their entire life cycle. In contrast to the traditional linear economy, which is based on the principle of "Take-Make-Dispose," the circular economy promotes the reuse, repair, and recycling of materials, thereby preserving value and minimizing environmental impacts.

Central strategies of the circular economy include extending the product lifecycle and the multiple use of resources. Here, the "3R" principles – Reduce, Reuse, and Recycle – play a crucial role in lowering material consumption and reducing waste. The circular economy also encourages the use of secondary raw materials, which decreases dependence on new raw materials and contributes to resource conservation.

The benefits of the circular economy are manifold: it actively contributes to environmental protection, increases resource efficiency, and creates new economic opportunities through innovative business models. However, there are challenges, such as the need for new business models, investments in research and development, as well as political frameworks to support sustainable practices. Countries like France demonstrate that a successful transition to a circular economy is possible through regulatory requirements and incentives.Overall, the circular economy represents a forward-looking concept that connects economic viability with environmental protection and is crucial for a sustainable future.