Responsible Consumption and Production

Living Edition
| Editors: Walter Leal Filho, Anabela Marisa Azul, Luciana Brandli, Pinar Gökcin Özuyar, Tony Wall

Circular Economy: Enabling the Transition towards Sustainable Consumption and Production

  • Valtteri RantaEmail author
  • Ulla A. Saari
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-71062-4_3-1

Synonyms

Definition

The circular economy concept describes an industrial economy with a zero-waste approach. Circular economy is a model for sustainable economic growth, where generation of waste and pollution is minimized by maintaining the value of products and furthermore materials longer and keeping them in circulation. It has a foundation in multiple sustainability-oriented practices, including the reduce, reuse, and recycle principles of waste management hierarchy, the one industry’s waste is another’s resource approach, the regenerative principles of cradle-to-cradle design, and the sustainable business model approach of product-service systems. Circular economy includes both biological materials and technical materials. Biological materials are beneficial for a circular economy as their natural circulations can be harnessed for value creation; and technical materials can be reused multiple times without producing waste and...

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Department of Industrial Engineering and Management, Faculty of Management and BusinessTampere UniversityTampereFinland

Section editors and affiliations

  • Ulla Saari
    • 1
  1. 1.Department of Industrial Engineering and Management, Faculty of Management and BusinessTampere UniversityTampereFinland