The regenerative economic model of the circular economy has
surpassed all expectations that it will dominate the future as a
sustainable economic growth model. The circular economy is
essential not only for the survival of the planet but also for
sustainable, commercial growth affecting global warming.
In a nutshell, a circular economy is the key to a low-carbon
future, to lower and more efficient resource extraction rates while
boosting the re-use of products on the EU market. Value is
recovered by making use of products at the end of their life cycle
therefore tackling resource scarcity and ensuring less waste.
The European Commission's circular economy action plan of
2020 is an updated version of that of 2015 and aims to further
strengthen EU competitiveness while simultaneously protecting the
environment. At its core, it sets down the objectives for the
European economy to become fit for a “greener” future.
The particular action plan forms the main building
