Circular Economy

Circular Economy - renew, reuse, repair, repurpose, recycle


Circular economy refers to an economic system built on circular materials flows, instead of the more conventional economic systems where a product is being produced, used and trashed. In a circular economic system, materials produced are used, later to be reused, repaired, repurposed or recycled. The underlying idea with circular economy is to build an economic system which favors a circular economic flow and de-couples the resource use and emissions from the growing economy. Thus, producing systems where the economy is flourishing, without the negative environmental impacts.

Circular economy has already been adapted in a small scale and in a number of sectors through out the region. But in order to truly change the resource extraction and emission patterns on a large scale, the system needs to be up-scaled.