The circular economy offers an alternative way to the linear ‘take-make-waste’ economy that is harming people and the environment. It seeks to extract the maximum value from resources in use and keeps materials in circulation for as long as possible. This entails prioritising regenerative resources as material inputs and making the most out of existing resources and materials, through strategies such as maintenance, cascading, sharing, reusing, redistribution, remanufacturing, recycling or recovery. The circular economy is strongly embedded in local economies. The transition to the circular economy requires the innovative entrepreneurship and strong network connections that cities and urban areas typically incubate. Local networks and collaboration in the circular economy materialise in the sharing economy, the closing of organic resource loops and return logistics schemes. The density and diversity of stakeholders and resources that are gathered in a city, and their interaction with the hinterland, make for a fertile breeding ground of circularity.
Source: Circle Economy
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