Updated: Sep 29
What is a Circular economy?
A circular economy is an industrial system that is restorative or regenerative by intention and design. A circular economy replaces the linear economy, and its ‘end-of-life’ concept with restoration and regeneration, shifts towards the use of renewable energy, eliminates the use of toxic chemicals and aims for the elimination of waste through the design of materials, products and systems that can be repaired and reused.
The circular economy concept shown in the bottom part of the Figures below illustrates an evolution of the current Linear Economy (top part) to the Circular Economy (bottom part) which is achieved through the application of principles: maintain, repair, reuse, remanufacture and recycle, as well as leasing and servicing.
definition by LETI
Trying to achieve the carbon targets cannot be realised without stretching the idea of incorporating a fully circular economy. To reach a zero-carbon national economy, the consideration of design and construction of infrastructure and buildings should be thought not in a separate manner however thought of as a circular cycle of things being reused and put back into the system as it is the core principles of a circular economy. Circular economy principles could be achieved only by redeveloping the entire value chain to generate an alternative approach to developments.