The circular economy model promotes sustainable production and consumption through closed-loop production which keep resources in play for as long as possible. It can address climate change issues, resource depletion and waste and it can also encourage economic growth and job creation. Maximizing recycling and re-use of materials is an important principle of the circular economy, however, it is not a panacea. The circular economy model can help countries rethink their economic growth, current production and wasteful consumption patterns and existing power structures in private and public sectors. The United Nations also advocates for the circular economy model through its Sustainable Development Goals (SDGs). SDG 12: Sustainable consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, and providing access to basic services, green and decent jobs and a better quality of life for all. Sustainable consumption and production aims at “d...
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