In the circular economy actions are taken to prevent waste by reusing, sharing, repairing, refurbishment, and recycling.
The existing economic model is linear – we take resources from the Earth, make products from them and discard them as waste when we are finished with them. A circular economy model aims to keep products, materials and equipment in use for longer, improving the value of these resources and reducing waste, pollution and carbon emissions.
In a circular economy there is a focus on the regeneration of nature, employing practices that improve soil, increase biodiversity and return nutrients to the earth.
Businesses that embrace the principles of the circular economy can become more efficient, competitive, innovative and resilient and could make significant economic gains.
The Department of the Environment, Climate and Communications in Ireland have published a Circular Economy Strategy.
- The Department for the Economy in Northern Ireland have published a draft Circular Economy Strategy.
- NI Business Info have published a range of helpful guides providing advice for businesses on efficiency and environment.