Circular Economy

A circular economy is an alternative to a traditional linear economy (take, make and dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life. Circular economy is also looking for an optimal management of resources throughout the life cycle of systems and is characterized by closed-loop systems, promoting maintenance, sharing, leasing, reuse, remanufacturing, and recycling. CE aims to retain the highest utility and value of products, materials, and resources at all times, in order to minimize the generation of waste
ISO/TC 323, Circular economy, aims to cover all aspects of a circular economy including public procurement, production and distribution, end of life as well as wider areas such as behavioral change in society, and assessment, such as some kind of circularity footprint or index.