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Circular Economy

A circular economy entails markets that give incentives to reusing products, rather than scrapping them and then extracting new resources. In such an economy, all forms of waste, such as clothes, scrap metal and obsolete electronics, are returned to the economy or used more efficiently.

A circular economy helps tackle global challenges like climate change, biodiversity loss, waste, and pollution. A circular economy is based on three principles, all driven by design. These include:

  1. Eliminate waste and pollution
  2. Circulate products and materials
  3. Regenerate nature

Explore Other SDG Vocabulary

Carbon Cycle

Carbon Cycle

Carbon cycle is the natural process through which carbon is exchanged between the atmosphere, oceans, soil, rocks, and living organisms on Earth. This cycle, when in rhythm, helps...

Carbon Footprint

Carbon Footprint

Carbon footprint is the amount of greenhouse gases (GHGs) such as carbon dioxide, methane, and nitrous oxide that we emit through our daily activities and lifestyle choices such as...

Carbon Tax

Carbon Tax

A tax on fossil fuels, especially those used by motor vehicles, intended to reduce the emission of carbon dioxide. Under a carbon tax, the government sets a price that emitters mus...