Circular economy is an economic system aimed at reducing waste generation and at the same time keeping materials, products, and resources at their highest value and utility. In contrast to the linear economy model where materials are disposed of after serving their purpose, circular economy focuses on building a closed-loop system. It is a recent modern trend in energy transition efforts. Created as a response to resources depletion, growing population, and fast civilisation development, the concept is designed to address modern problems that our planet is facing.
The implementation of the idea and approach of circular economy is one of the most pressing issues which should be adopted all over the world. Unfortunately, the concept is far from being embraced and the majority of countries are still relying on linear economy structures. With the situation reaching a critical level, EIT InnoEnergy Master’s in Energy Transition students took it upon themselves to drive change.