The principles of a circular economy focus on sustainability, resource efficiency, and reducing environmental impact. Key aspects include:
Reusing and Recycling: These practices slow down the consumption of natural resources, reduce habitat disruption, and help limit biodiversity loss[18].
Design for Longevity: Creating more efficient and sustainable products from the start is vital, as over 80% of a product's environmental impact is determined during the design phase[18].
Reducing Waste: Addressing excessive packaging is crucial, with the aim to improve its design for better reuse and recycling[18].
Resource Exchange: Moving towards circularity can mitigate risks associated with the supply of raw materials, such as price volatility and import dependency[18].
Economic Innovation: Transitioning to a circular economy is expected to enhance competitiveness, stimulate innovation, and create significant economic growth and job opportunities[18].
These principles together promote sustainable economic growth while ensuring environmental protection.
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