Circular Economy refers to an economic system aimed at minimizing waste and making the most of resources. It is an alternative to the traditional linear economy, which follows a ‘take, make, dispose’ model. In a circular economy, products, materials, and resources are kept in use for as long as possible through strategies such as reuse, repair, refurbishment, and recycling. This approach seeks to create a closed-loop system where the life cycle of products is extended, thereby reducing the consumption of finite resources and lessening environmental impact. The goal is to enhance sustainability by fostering a regenerative system that maintains the value of materials within the economy. Circular economy principles can be applied across various sectors, including manufacturing, fashion, and agriculture, promoting innovative practices that contribute to environmental stewardship and sustainable growth.
The Ministry for Green Transition and Demographic Challenge in Spain has introduced a groundbreaking financial program aimed at promoting circular economy initiatives in the country. Until December 20th, a new…