Topics
250 words
Topic

Circular Economy

An economic model designed to minimize waste and maximize resource efficiency by transitioning from a linear take-make-dispose approach to a regenerative system that emphasizes product longevity, repairability, reuse, and recycling.

Why it matters

  • Promotes resource security by reducing dependence on virgin raw materials and imports.
  • Mitigates environmental degradation and carbon emissions associated with resource extraction and waste management.
  • Encourages industrial innovation and the development of new business models focused on product-as-a-service.
  • Supports long-term economic resilience by decoupling growth from finite resource consumption.

How it is asked

Focus on the shift from linear to circular supply chains, the role of Extended Producer Responsibility (EPR) frameworks, and the alignment of circular economy principles with sustainable development goals and climate change mitigation strategies.