Looking beyond the current “take, make and dispose” extractive industrial model, the circular economy is restorative and regenerative by design. Relying on system-wide innovation, it aims to redefine products and services to design waste out while minimising negative impacts. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural and social capital. Circular Economy attempts to bring together different approaches and system models, like Cradle to Cradle, Performance Economy, Biomimicry, Industrial Ecology, Natural Capitalism, Blue Economy and Regenerative Design, to present an inclusive framework for sustainable production and consumption.
Creator: Ellen MacArthur Foundation Year: n/d