The concept of circular economy focuses on the interaction of environmental and economic aspects in order to reach a new model of society that uses and optimizes stocks and flows of materials, energy and waste. This is intended to ensure that the value of products, materials and resources (water, energy) remains in the economy for as long as possible, and that waste generation is minimized.
Since the linear system of our economy (extraction, manufacturing, utilization and disposal) is unsustainable by depleting resources and negatively affecting the environment, it is about promoting a new circular economy that allows “closing the life cycle” of products, services, waste, materials, water and energy. In this way, waste is converted into raw materials, contributing to the security of supply and job creation.
The circular economy is based on the principles of reuse, repair, recycling or revaluation, where appropriate, as energy use of those waste that cannot be recycled. Its implementation aims to reduce the use of resources and energy consumption itself. In addition to environmental benefits, this new activity is generating wealth and employment allowing a valuable competitive advantage to be achieved in the various territories within a global economy.