The circular economy is a transformative solution for the environmental impact of consumption and production that contributes to tackling global challenges such as climate change, pollution and biodiversity loss.
The basis of the circular economy is concerted action at policy, business and individual level to optimise the use of resources and reduce the need to extract further raw materials and so prevent emissions from the value chain of production and consumption. Such actions focus on retaining the value of products and materials, and are often presented as the R strategies. These actions can be seen as an elaboration of the 'Reduce, reuse, recycle’ concept that emerged in the 1970s .
They provide a useful framework for categorising the fundamental actions of the circular economy, from
initial design decisions through usage to end-of-life treatment.
More recently the set of circular actions moves to a framework of 'before use, during use and after use’.
The goal of a circular economy is to use the above actions to reduce the environmental impacts of societal and economic activity.