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A circular economy (also referred to as circularity or CE) [1] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
The Circular Economy Development Strategies Action Plan was created on January 23, 2013, and it further embedded the idea of a circular economy into Chinese legislation. [6] The plan outlined three levels of circular economies in China, being within a company, industrial park and city or region. [6]
Initially defined by McDonough and Braungart, the Cradle to Cradle Products Innovation Institute's five certification criteria are: [7] Material health, which involves identifying the chemical composition of the materials that make up the product.
Circular procurement is an approach to government procurement that enables private and public authorities to support a transition to a circular economy.This is done by purchasing works, goods, or services designed to create closed energy and material loops within supply chains while minimizing, or avoiding, the generation of waste and other negative factors on the environment.
The Ellen MacArthur Foundation works to accelerate the transition to a circular economy by working with businesses, academia and governments throughout the world to develop an economy that is restorative and regenerative by design and seeks to keep products, components and materials at their highest use and value at all times, distinguishing ...
Circular Economy: GEF has hosted events on the circular economy, which shifts from a take-make-waste economy to one that seeks to use no non-renewable source materials and produce zero waste. [8] GEF is a member of the Platform for Accelerating the Circular Economy (PACE). [9] [10]
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10 March 2020: The European Industrial Strategy was adopted (which is a plan for a future ready economy). 11 March 2020: There was a proposal for a Circular Economy Action Plan that focused on sustainable resource use. 20 May 2020: The ‘Farm to fork strategy’ was presented in order to increase the sustainability of food systems. The EU ...
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