A new economic model
A circular bioeconomy is an economy powered by nature. It's a fairly new economic model that emphasises the use of renewable natural capital and focuses on minimising waste, replacing the wide range of non-renewable, fossil-based products currently in use.
A circular bioeconomy relies on minimal inputs of finite resources and maximises the use of regenerative resources, while preventing the loss of natural resources such as soil nutrients and water.
- Designing out waste and pollution
- Keeping resources and products in use for as long as possible
- Extracting the maximum value from resources while in use
- Recovering and regenerating products and materials at the end of each service life