The term “circular economy” was used for the first time in western literature in 1980 (Pearce and Turner 1990) to describe a closed system of interactions between the economy and the environment.
The circular economy is a production and consumption model that involves sharing, renting, reusing, repairing, renovating and recycling existing materials and products as many times as possible to create added value. Thus extending the life cycle of the products.
This initiative aims to support the change to an efficient economy in the use of resources and low carbon emission that helps us to:
– Improving economic results while reducing the use of resources.
– Identify and create new opportunities for economic growth and promote innovation.
– Guarantee the security of supply of essential resources.
– Fight against climate change.