What is it about?
Parallel to the ongoing depletion of natural resources and the population growth that puts ever-growing pressure on the environment, the past decades have seen many promising developments. One of the key developments is the idea of a circular economy that stems from the cradle-to-cradle framework discussed in the previous chapter. The term circular economy relates to the role of natural diversity as a characteristic of resilient and productive systems and underscores the importance of the production process in which by-products are used as a resource for new products. This process is known as end-of-waste (EoW) criteria with environmental protection and public health, take-back requirements and extended producer responsibility as a starting point.
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Why is it important?
A circular economy refers to a continuous positive development cycle that preserves and enhances natural capital. In contrast to today’s largely linear or ‘cradle to grave’ economy, a circular economy aims to decouple economic growth from the use of natural resources by using those resources more effectively.
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This page is a summary of: Towards a circular economy, April 2018, Taylor & Francis, DOI: 10.4324/9781315110172-12.
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