What is Circular Economy?
Circular economy is the economic system that aims to create value by reusing resources rather than creating waste.
It refers to a system that comprehensively considers all the flows of material and energy within an economy, and how material and energy are transformed and valued at each stage. The objective is to reduce waste and conserve a resource, so a circular economy system also generates new value-added activities without consuming more natural resources.
A circular economy is an alternative to the conventional linear system, where resources are used and then discarded, and waste is disposed of in landfills.
Why is Circular Economy necessary?
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