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What is the Four principles of the Circular Economy?

The four principles of the Circular Economy are:

  1. Designing out waste and pollution: This principle involves designing products and processes in a way that minimizes waste and pollution at every stage of the product life cycle. This includes using sustainable materials, reducing packaging, and designing products for reuse, repair, and recycling.
  2. Keeping products and materials in use: This principle focuses on extending the life of products and materials by keeping them in use for as long as possible. This includes repairing and refurbishing products, sharing or renting products, and recycling or repurposing materials.
  3. Regenerating natural systems: This principle involves designing and implementing systems that restore and regenerate natural resources and ecosystems. This includes using renewable energy, regenerative agriculture, and protecting and restoring forests, oceans, and other ecosystems.
  4. Fostering collaboration and innovation: This principle emphasizes the importance of collaboration between businesses, governments, and communities to create new business models, technologies, and policies that support the transition to a circular economy. This includes developing new markets for circular products and services, investing in research and development, and building networks and partnerships to drive innovation and change.


 

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