Financial aspects of circular economy

In recent years, the concept of a "circular economy" has been gaining ground, which implies that all resources must be managed efficiently throughout their life cycle. As defined by the European Commission in 2014, the fundamental transition towards such an economy involves moving away from 'take-make-consume-dispose' economies (the so-called linear model) and towards a model based on 'reuse, repair, renew and recycle' (the so-called circular economy).