Looking beyond the current take-make-waste extractive industrial model, a circular economy aims to redefine growth, focusing on positive society-wide benefits.
It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system.
Underpinned by a transition to renewable energy sources, the circular model builds economic, natural, and social capital.
It is based on three principles:
View the circular economy system diagram
(TEXT FROM THE ELLEN MACARTHER FOUNDATION WEBSITE- LINKED HERE)