What is the focus of the circular economy model?

The circular economy model primarily focuses on keeping resources in continuous use, which stands in contrast to the traditional linear economy that promotes a "take-make-dispose" approach. In a circular economy, the emphasis is placed on the longevity of products and materials through strategies such as reusing, repairing, refurbishing, and recycling. This holistic approach aims to minimize waste and encourage sustainable resource management by creating closed-loop systems where the end-of-life of a product does not equate to its disposal.

By prioritizing resource efficiency, the circular economy seeks to maintain the value of products, materials, and resources within the economy for as long as possible, thereby reducing the environmental impact and enhancing economic sustainability. This model also promotes innovation in product design and business practices, leading to more sustainable consumption patterns and a reduced ecological footprint.