Currently, our economy is built on single use “take, make and dispose” principles involving extracting resources, making products, using them once or only a short time, then disposing of them.
A circular economy keeps products and materials in use in the market longer, through sharing, repairing and reusing.
It is about changing the way we produce, assemble, sell and use products to minimise waste and to reduce our environmental impact. It is about valuing our resources, by getting as much use out of products and materials as possible and reducing the amount of waste we generate.
