CIRCULAR ECONOMY FAQ
Welcome to the continually expanding FAQ page on Circular Economy
What is circular economy?
Circular economy is a concept of economy that aims at reducing or eliminating waste and to
efficiently use resources. Methods to achieve circular economy include reuse, share, reparation,
refurbishing, redesign and recycling, preferably in a connected manner that includes various methods
in a closed system of stakeholders. Reduction of waste, pollution and successful reuse of byproducts
is the key goal that circular economy strives for. The system of circular economy is, basically, meant
to create input or material for production in one subject from waste of another subject.
Why circular economy?
We conduct business in a world that has many finite resources and solutions are necessary to make
sure that we do not run out of those resources. Circular economy provides solutions to eliminate
waste of materials and byproducts, making one subjects waste another subjects production material.
The transition to a circular economy also means more networking, cooperation and long-term
planning, making it a key factor in sustainable development of business, both on a local, national and
international level.
How much does it cost?
Transition to a circular economy is actually meant to create new values, new jobs and more growth
for companies. It provides business opportunities and new products, reduces costs of waste disposal
and forms business partnerships. Therefore, circular economy may take some initial adaptation and
compromising, but in the long run, it is the best chance of sustainable economic and social growth
and development.
How can I be a part of it?
In the CITYCIRCLE project, peripheral cities of Central Europe are introducing circular economy
concepts to their local regions. The process is meant to include interested stakeholders, provide joint
ideas and action plans for pilot projects and put circular economy concept to a test under the
guidance of experts in the field. To include your business in the activities all you need to do is visit
the project website and contact the project team members from your area listed in the contact section.
