Circular Economy: Global Perspective

Book excerpt: A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life. Circular economy (CE) is important towards sustainable development, resources circulation and conservation, involving closing of material loops and cascading used resources, to prevent waste occurrence, and transforming the resulting residual streams into new (secondary) resources. Strategies and legislative framework for waste management are important steps for development of a more CE where resource efficiency becomes the key driver for both economic growth and environmental protections. A few countries achieved good results implementing CE as a replacement of the linear economy. Resource managers and planners should thoroughly identify factors to implement CE for societal benefits. This book presents how resource consumption is minimized with rational use based on 3Rs, legislative framework and government supports towards implementing CE initiatives, example of best practices, future plans and targets in different countries those are helpful for researchers, planners and implementers.