#Economic principle definition how to

It did not take into account the notion of environmental preservation, therefore not the need to optimize our modes of production and consumption. The linear economy, an old economic model that is widespread in the world, has led to many consumptions. For example, reusable products can be preferred to disposable ones. Waste management must be done according to the type of waste to be disposed of or recycled, while waste production must be limited.

Improving waste prevention, management and recycling: recycled waste can generate new materials, which can then be reused in the design of products to give them a second life.

Extending the useful life of products: repairing, changing parts, selling or donating second-hand products means that they can be reused instead of thrown away (reuse).

Responsible consumption: buyers and consumers must make their choice by taking into account the environmental impact of the product they want at each stage of its life cycle.

For example, a tractor construction company can promote the possibility of renting products rather than buying them.

The economy of functionality: it is a question of privileging the sale of services to the sale of products in order to limit the phenomenon of overconsumption.

Thus, it is possible to optimize equipment, resources such as water, energy and even expertise through an approach inspired by natural ecosystems. Products and waste should, if possible, be produced, transported, destroyed, recycled or burned locally.

Industrial and territorial ecology: companies must pool their needs as much as possible by sharing and consuming the resources available on their territory.

The latter must be respectful of the environment, from construction to the end of the product or project's life (waste limitation).

Ecodesign: each service, process or product must be designed taking into account its entire life cycle.

Purchases must also be sustainable, fair, ethical and supportive (they must be in line with the regulations and CSR strategies of the company). This concerns the exploitation of agricultural, forestry and mineral resources.

Sustainable supply: the extraction and exploitation of resources are done in a more sustainable way, so as to limit waste, waste and the impact of our consumption on the environment.

Certain major principles govern this concept regardless of the sector: Its stakes are multiple, at the same time environmental, social, societal and economic. The concept of the circular economy involves a large number of actors in many sectors. According to the ADEME (agency for ecological transition), 'The circular economy aims to change the paradigm from the so-called linear economy, limiting the waste of resources and environmental impact, and increasing efficiency at all stages of the product economy.' What are the 7 pillars of the circular economy?

The circular economy is a set of means and methods aimed at optimizing and rethinking the use of resources and energy.

#Economic principle definition how to

What exactly is the circular economy? What are its 7 pillars? What are the advantages of developing the circular economy? How to train to apply this principle? We reveal everything in this complete file. The circular economy is one of the new business models. Many ways of working, consuming and running a business have been rethought in recent years in favor of resource conservation.