The circular economy
The circular economy is a model of production and consumption that eliminates waste by changing business models to deliver products that close the loop on the linear model. To achieve circularity, we have to design all our goods and services to flow through an intentionally designed system that collects products at their end of life and reuses them before they become waste. This includes things like repairing, remanufacturing, and redeploying these materials and services back out into the economy. This will dramatically reduce raw material needs, leaving more for nature to do its lifesustaining thing. And because we have a more efficient system under a circular model, companies save money on materials and processes, and we can start to resell goods over and over again. So the circular economy is about eliminating waste and ensuring that all production processes are regenerative. To achieve this, we need to redesign products and services so, that they last longer. The goals of the circular economy are to eliminate waste entirely
In the circular economy everything is designed to be cycled around and around the economy with materials being recaptured and redeployed through intentionally designed systems. It's all about eliminating waste and increasing the value of natural resources. Producers must consider the full life of their products and take action to ensure that they are produced, delivered, used, and recaptured, in ways that restore rather than degrade the natural world. So on the technical side, all of these human-made technically altered goods, such as phones, computers, even buildings have to be designed to be recaptured and then reused within the industrial and technical system. It's easy to repair and therefore it encourages a resale market and prolongs the life of the product. Or the producer can choose to take the product back disassemble it and reuse the different parts.