Circular Economy
Circular Economy
What is Circularity?
Circular Economy Hub
What is Circularity?
Circular economies share three principles: design out waste and pollution, keep products and materials in use, and regenerate natural systems. These circular economies aim to gradually decouple economic activity from the consumption of finite resources by promoting waste reduction and materials reuse.
The three core principles of Circular Economies are:
RVAgreen 2050 Circularity Strategies
Circular Economy Hub
In order to make Richmond a leader in attracting companies that promote a circular economy, we’re developing a Circular Economy Hub. This innovation space will support small businesses to develop circular solutions to waste reduction and recovery.
The circular economy is a system where materials never become waste and nature is regenerated. In a circular economy, products and materials are kept in circulation through processes like maintenance, reuse, refurbishment, remanufacture, recycling, and composting. The circular economy tackles climate change and other global challenges, like biodiversity loss, waste, and pollution, by decoupling economic activity from the consumption of finite resources.
- The Ellen MacArthur Foundation