The government has issued a draft national strategy on how Ireland can transition to a Circular Economy and is currently inviting businesses, communities and citizens to contribute their views through a public consultation.
What is a circular economy?
Looking beyond the current take-make-waste extractive industrial model, a circular economy aims to redefine growth, focusing on positive society-wide benefits. It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural, and social capital. It is based on three principles:
- Design out waste and pollution
- Keep products and materials in use
- Regenerate natural systems
Circular Economy Innovation Grant Scheme