« Looking beyond the current take-make-dispose extractive industrial model, a circular economy aims to redefine growth, focusing on positive society-wide benefits. It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural, and social capital. »
Focusing on connections between operators within the ‘industrial ecosystem’, circular economy in industry aims at creating closed-loop processes in which waste serves as an input, thus eliminating the notion of an undesirable by-product. Search for economic and environmental benefits are at the core of this systemic approach.