What is circular economy?

The circular economy is an economic model that aims to minimize the amount of waste and utilize resources as efficiently as possible. In a circular economy, the aim is to keep products, materials and resources in circulation for as long as possible, so that their value is preserved and waste is created as little as possible.

The circular economy is based on the idea that natural resources are not endless, and therefore they should be used in a sustainable way. In the circular economy, the design and manufacture of products takes into account their recyclability and reusability. In addition, the circular economy emphasizes resource efficiency and energy saving.

The goal of the circular economy is to reduce the burden on the environment and create a more sustainable economic system. The circular economy also promotes the creation of new business opportunities and can create jobs, for example, in companies in the recycling and reuse sector.

Sources: Ministry of the Environment, Sitra