02 March 2020
Circular economy is an economic system aimed at reducing waste generation and at the same time keeping materials, products and resources at their highest value and utility. In contrast to the linear economy model where materials are disposed of after serving their purpose, circular economy focuses on building a closed-loop system. It is a recent modern trend in energy transition efforts. Created as a response to resources depletion, growing population and fast civilisation development, the concept is designed to address modern problems that our planet is facing.