The Circular Economy, It's an Industrial model based on a restorative design, where waste can be reused or returned to their source harmlessly. Circular economy is grounded in the study of feedback systems (nonlinear), A major outcome of this is the notion of optimising systems rather than components.
It's based on the following principles:
Systems Thinking: The ability to understand how things influence one another within a whole. Elements are considered as ‘fitting in’ their infrastructure, environment and social context.. All living organisms are an example of this.
Diversity is strength: The modularity, versatility and adaptiveness are to be prioritised in an uncertain and fast evolving world. Diverse systems, with many connections and scales are more resilient in the face of external shocks, than systems built simply for efficiency.
Waste is food:waste doesn't exist; the biological and technical components (nutrients) of a product are designed by intention to fit within a materials cycle, designed for disassembly and re-purposing.. This means creating materials and products which help to feed other systems, infinitely reusable and non-hazardous.
The energy must come from renewable sources: As in life, any system should aspire to work in the long term with "solar energy" and generate energy through renewable sources.
In January 2012, the Ellen MacArthur Foundation commissioned a report called “Towards the Circular Economy: Economic and business rationale for an accelerated transition” which was developed by McKinsey & Company. was the first of its kind to consider the economic and business opportunity for the transition to a restorative, circular model.
Now that you know the basic principles of the Circular economy, we want to show this video made by the Ellen MacArthur Foundation which explains how, through a change of perspective, we can re-design the way our economy works.
If you want to learn more about Circular Economy check this Link.