The circular economy is a system where materials never become waste and nature is regenerated. In a circular economy, products and materials are kept in circulation through processes like maintenance, reuse, refurbishment, remanufacture, recycling, and composting. The circular economy tackles climate change and other global challenges, like biodiversity loss, waste, and pollution, by decoupling economic activity from the consumption of finite resources.
It's quite simple in that it refers to an economy that has a finite set of resources and encourages the re-use and recycling of these scarce resources thus avoiding resource depletion.
The circular economy is an economic system that aims to minimize waste and maximize the efficient use of resources. It is a departure from the traditional linear economy, which follows a " take-make-dispose" model, where resources are extracted, processed into products, used, and then discarded as waste.
Circular Economic framework is an absolute reflection of mother nature, where in everything that is created is either consumed absolutely or else assimilates into its origin completely. The concept is net-zero wastes. The process is wonderfully operative in action in our natural environment, only we as a human race failed to deploy the same approach in our development and progress. Eventually, it is time to get back to basics and mother nature. Net zero remains and sustainability are the new mandate to survive and grow.
The Circular economy is a process of eliminating waste and regenerating nature through recycling of materials and products. Unlike the old model in which resources are mined, made into products, and then become waste.