Circular Economy
Circular economy is a concept that associates economic development with better use of natural resources, through new business models and optimization of manufacturing processes with less dependence on virgin raw materials, prioritizing more durable, recyclable and renewable inputs.
The circular economy is based on rethinking the way of designing, producing and marketing products to ensure the intelligent use and recovery of natural resources. It is an improvement of the current economic system, which aims at a new relationship with natural resources and their use by society.
It is a proposal for adding and retaining the value of resources, and regenerating the environment, which seeks to produce without depleting natural resources and without polluting the environment , consequently preserving our planet.
A more current definition for the circular economy is being developed within the International Organization for Standardization (ISO). According to the entity, “it is an economic system that uses a systemic approach to maintain the circular flow of resources, through the addition, retention and regeneration of their value, contributing to sustainable development.”