The circular economy attempts to replace the economic model in which we constantly produce new goods at an alarming rate. In this model, ownership is replaced by service use and sharing, hiring, recycling, and re-using. Rather than products simply being disposed of at the end of their lifecycle, they are re-used or broken down to produce new products. The circular economy can also provide businesses with new revenue streams — imagination is the only restriction!
You can check out some notable circular economy businesses on the Finnish Innovation Fund — Sitra’s website.
A circular economy roadmap was drawn-up for South Karelia in 2018. It included the aims and benchmarks we have set for advancing the circular economy in our region.