Do you really know? What is the circular economy?
What is the circular economy? Thanks for asking!
The circular economy is an economic system where all resources are continually used and nothing is wasted. Goods and services are produced in such a way that primary resources are preserved as far as possible. European policy aims to support the transition towards a circular economy, but it requires significant change.
The concept of a circular economy first appeared in the 1970s, as an alternative to the dominant linear economy model, which consists of a take-make-use-dispose approach. The increase in consumerism over the 20th century led to a tenfold increase in the extraction of natural resources, which aren’t always renewable.
So in concrete terms what is the difference with today’s system?
Think of the notion of a cycle, as the term circular economy suggests. Let’s take the example of an organic cotton T-shirt. Once used, rather than being thrown away and burned, it could be used to manufacture a couch. When the couch in turn becomes damaged, the cotton would then be recovered and reused to create glass wool. If years later the cotton fibres haven’t been exposed to chemicals, they could go back into nature, to grow more cotton.
Are we saying the circular economy is a kind of economic utopia? Is this transition likely to lead to job losses? In under 3 minutes, we answer your questions!
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