What is the circular economy?
The circular economy is a model
of production and consumption, which involves sharing, leasing,
reusing, repairing, refurbishing and recycling existing materials and products
as long as possible. In this way, the life cycle of products is extended.
In practice, it implies reducing waste to a minimum. When a product reaches the end of its life, its
materials are kept within the economy wherever possible thanks to recycling.
These can be productively used again and again, thereby creating further value.
This is a departure from the
traditional, linear economic model, which is based on a
take-make-consume-throw away pattern. This model relies on large quantities of
cheap, easily accessible materials and energy.
Also part of this model is planned
obsolescence, when a product has been designed to have a limited
lifespan to encourage consumers to buy it again. The European Parliament has
called for measures to tackle this practice. (...)».
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