What is Circular Economy
What is Circular Economy?
The circular economy is an economic model where resources are used as efficiently as possible and waste is minimized. Unlike the linear "take-make-dispose" model, the circular economy follows the principle of closed loops.
Core Principles
- Design out waste — Products are designed so that materials can be reused or recycled
- Extend product lifecycles — Maintenance, repair, and upgrading instead of disposal
- Regenerate natural systems — Returning nutrients to the soil and restoring ecosystems
Why does it matter?
- Reduces pressure on natural resources
- Creates new business models and jobs
- Reduces greenhouse gas emissions
- Stimulates innovation
Circular Economy in Bulgaria
Bulgaria has enormous potential for developing the circular economy, especially in the construction, agriculture, and manufacturing sectors. IKI actively works towards realizing this potential.