Principles of Circular Economy | Purpose |
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Designing out waste and pollution | To eliminate waste and pollution starting from the by designing products and systems that are restorative and regenerative. |
Keeping products and materials in use | To keep resources in use for as long as possible, through recycling, repairing, and repurposing |
Regenerating natural systems | To restore and regenerate natural systems and using resources in a way that supports their long-term health and productivity |
Shift to renewable energy sources | To move away from fossil fuels and transition to renewable energy sources like green hydrogen, solar, wind, and geothermal. This will help to regenerate the planet |
Build resilience through diversity | To build a more resilient economy by diversifying supply chains and creating more local and regional systems |
Applied cascades | To maximize the value of resources by using them in cascading systems, where the waste or by-products of one process become the inputs for another. This is the closing loop concept |
Re-think and innovate | To rethink traditional business models and finding new and innovative ways to create value and meet consumer needs |
Think integrated (in system) | To think about the entire system and how all the different parts are interconnected, in order to create a more sustainable and efficient economy |