Circular Economy: Difference between revisions
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[[Category:Legislation & Policy]] | [[Category:Legislation & Policy]] | ||
A [[Circular Economy]] (often referred to as [[CE]]) is an alternative to a traditional linear economy (make, use, dispose) in which resources are kept in use for as long as possible, extracting the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life. | A [[Circular Economy]] (often referred to as [[CE]]) is an alternative to a traditional linear economy (make, use, dispose) in which resources are kept in use for as long as possible, extracting the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life. | ||
In a [[Circular Economy]], the value of products and materials is maintained for as long as possible. Within the circularity discussions both 'Closed' and 'Open' loops are referred to: | |||
* '''Closed Loop Recycling''' (where the recycled material is used to make another product in the same category i.e. plastic water bottles being used to make new plastic bottles) | |||
* '''Open Loop Recycling''' (where recycled material is used in a different application in a different product i.e. plastic water bottles being used to make fleeces and sleeping bags) | |||
As well as creating new opportunities for growth, a more circular economy is intended to: | As well as creating new opportunities for growth, a more circular economy is intended to: | ||