Circular loop

A circular economy (also referred to as "circularity") is an economic system aimed at eliminating waste and the continual use of resources. Circular systems employ reuse, sharing, repair, refurbishment, remanufacturing and recycling to create a closed-loop system, minimising the use of resource inputs and the creation of waste, pollution and carbon emissions. The circular economy aims to keep products, equipment and infrastructure in use for longer, thus improving the productivity of these resources. Waste materials and energy should become input for other processes through waste valorization: either as a component or recovered resource for another industrial process or as regenerative resources for nature (e.g., compost). This regenerative approach is in contrast to the traditional linear economy, which has a "take, make, dispose" model of production.In recent years, concepts based on (re-)cycling resources are increasingly gaining importance. The most prominent among these concepts might be the circular economy, with its comprehensive support by China and the European Union. There is also a broad range of similar concepts or schools of thought, including cradle-to-cradle laws of ecology, looped and performance economy, regenerative design, industrial ecology, biomimicry, and the blue economy. These concepts seem intuitively to be more sustainable than the current linear economic system. The reduction of resource inputs into and waste and emission leakage out of the system reduces resource depletion and environmental pollution. However, these simple assumptions are not sufficient to deal with the involved systemic complexity and disregards potential trade-offs. For example, the social dimension of sustainability seems to be only marginally addressed in many publications on the Circular Economy, and some cases require different or additional strategies, such as purchasing new, more energy-efficient equipment.

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