Circular Economy

A circular economy is a systemic approach to economic development designed to benefit businesses, society, and the environment. In contrast to the ‘take-make-waste’ linear model, a circular economy is regenerative by design and aims to gradually decouple growth from the consumption of finite resources. It is based on three principles: 1. Design out waste and pollution; 2. Keep products and materials in use; and 3. Regenerate natural systems. Circular systems employ reusesharing, repair, refurbishment, remanufacturing and recycling to create a close-loop system, minimizing the use of resource inputs and the creation of waste, pollution and carbon emissions.

 

The standard activities under this thematic area include:

  • Waste treatment and valorization, i.e. industrial processing activities aimed at reusing, recycling, upcycling or composting from wastes, useful products, or sources of energy;
  • Promoting water reuse in industrial systems;
  • Biogas/biofuel production and use;
  • Reverse logistics schemes to improve reuse and recycling loops;
  • Energy audits of businesses and institutions;
  • Support to green social enterprises.
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