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What is a Circular Economy?

As per the , aÌýcircular economy seeks to rebuild capital, whether this is financial, manufactured, human, social or natural. This ensures enhanced flows of goods and services.

In a circular economy, economic activity builds and rebuilds overall system health. The concept recognizes the importance of the economy needing to work effectively at all scales – for large and small businesses, for organisations and individuals, globally and locally.

Transitioning to a circular economy does not only amount to adjustments aimed at reducing the negative impacts of the linear economy. Rather, it represents a systemic shift thatÌýbuilds long-term resilience, generates business and economic opportunities, and provides environmental and societal benefits.

Outline of a Circular Economy

Three Principles

1. Preserve and enhance natural capital by controlling finite stocks and balancing renewable resource flows
   
   ReSOLVE levers: regenerate, virtualise, exchange
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2. Optimize resource yields by circulating products, components and materials in use at the highest utility at all times in both technical and biological cycles
   
   ReSOLVE levers: regenerate, share, optimise, loop
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3. Foster system effectiveness by revealing and designing out negative externalities
   
   All RESOLVE levers
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For more information and resources on the circular economy, please visit theÌý.