Which concept emphasizes the continual use of resources and reduction of waste?

The concept that emphasizes the continual use of resources and reduction of waste is the Circular Economy. This approach focuses on creating a closed-loop system where resources are utilized, reused, refurbished, and recycled, minimizing waste and reducing the consumption of finite resources. By rethinking product design and business models, a Circular Economy aims to maintain the value of products, materials, and resources in the economy for as long as possible. This contrasts with a linear economy model, where products are created, used, and then discarded.

In the Circular Economy, the lifecycle of products is extended, environmental impacts are reduced, and economic opportunities are created through innovation and efficiency. The principles revolve around sustainability practices, such as reducing consumption, promoting regeneration, and allowing industries to develop more resilient supply chains by optimizing resource use.

While sustainability is related and encompasses broader environmental and social practices, the Circular Economy specifically highlights the systematic approach to keeping resources in use and minimizing waste.