Circular economy: definition, importance and benefitsCircular economy: definition, importance and benefitsParliament wants Europeans to switch to a circular economy by using raw materials more efficiently and reducing waste.Circular economy: click on the image above for a larger version This website has limited functionality with javascript off. Reliance on increasingly scarce resources will have a huge cost implication for Scotland in years to come, if we don’t adapt. Change starts with the little decisions we make in everyday life. The environmental benefits of adopting a circular economy in Europe could be considerable – reducing waste, and minimising the continent’s heavy dependence on imports of raw materials.

With so many innovations, it’s a wonder why more people aren’t adopting the circular economy approach. Rather, it represents a systemic shift that builds long-term resilience, generates business and economic opportunities, and provides environmental and societal benefits. The possibilities really are endless. Circular Economy Benefits. However, the supply of crucial raw materials is limited.Finite supplies also means some EU countries are dependent on other countries for their raw materials.In addition extracting and using raw materials has a major impact on the environment. We are overshooting the earth’s capacity to regenerate our natural resources while undershooting our human capacity to design a more viable and valuable system. Challenges: As new circular approaches emerge, frictions between the existing linear system and the new approaches are bound to arise. A new report published today by the European Environment Agency (EEA) draws attention to both the benefits and challenges of such an economic transition. It offset any potential price rise of the commodity. Transitioning from the wasteful linear economy to an efficient circular economy will benefit you now and in the future. The circular economy: find out what it means, how it benefits you, the environment and our economy thanks to our video and infographic.But what exactly does the circular economy mean? And what would be the benefits?The world's population is growing and with it the demand for raw materials. The circular economy is coming to prominence in discussions about Scotland’s future, because of the economic opportunities and environmental benefits it presents. The European Union … The report also describes possible ways to measure progress and highlights the areas where more attention is required from research and policy in order to turn the concept into reality. It also increases energy consumption and CO2 emissions. The concept of a circular economy has recently gained traction in European policy making as a positive, solutions-based perspective for achieving economic development while respecting environmental limits.

Published 18 Jan 2016 Please make sure javascript is enabled in your browser. The circular economy: find out what it means, how it benefits you, the environment and our economy thanks to our video and infographic.

The top 10 benefits of a circular economy approach to your organisation: […] Its adoption helps in achieving efficiency and effectiveness as resources are recycled to get new products. Circular economy strategies could also result in considerable cost savings, increasing the competitiveness of Europe’s industry while delivering net benefits in terms of job opportunities. The EEA is prepared to support the transition to a circular economy through analysis and assessments ‘The concept of a circular economy has recently gained traction in European policy making as a positive, solutions-based perspective for achieving economic development while respecting environmental limits. It reduces waste as it promotes the recycling of finished goods. The EEA is prepared to support the transition to a circular economy through analysis and assessments,’ said EEA Executive Director Hans Bruyninckx.Unlike the traditional take-make-consume-dispose approach, a circular economy seeks to respect environmental boundaries through increasing the share of renewable or recyclable resources while reducing the consumption of raw materials and energy. However, a smarter use of raw materials can Moving towards a more circular economy could deliver benefits such as reducing pressure on the environment, improving the security of the supply of raw materials, increasing competitiveness, stimulating innovation, boosting economic growth, creating jobs (Consumers will also be provided with more durable and innovative products that will increase the quality of life and save them money in the long term.Find out what the European Parliament is doing to ensure our resources are managed in a more sustainable way. We’re doing our bit by ensuring all our packaging is capable of being reused and recycled.

Circular Economy Benefits. Transitioning to a circular economy does not only amount to adjustments aimed at reducing the negative impacts of the linear economy. The circular economy will not only benefit businesses, the environment, and the economy at large, but also the individual. Emissions and loss of resources will thus be reduced. It draws attention to both the benefits and challenges in transitioning to such an economy and highlights possible ways to measure progress.

Approaches such as eco-design, sharing, re-using, repairing, refurbishing and recycling existing products and materials, will play a significant role in maintaining the use of products, components and materials and retaining their value. Even a small action can make an enormous difference when millions of people do it!The EEA Web CMS works best with following browsers:Internet Explorer is not recommended for the CMS area. For example, deciding to put a piece of rubbish in the recycling bin.