1、SUSTAINABLE CIRCULAR ECONOMY AN OVERVIEWAUTHORSInvest IndiaAnkita SharmaNaina SharmaUNGCNIRatneshAseem KumarShreya VermaINTRODUCTIONCIRCULAR ECONOMYA circular economy is a systemic approach to economic development designed to benefit businesses,society,and the environment.In contrast to the take-mak

2、e-dispose linear economy,a circular economy is restorative and regenerative by design and aims to decouple growth from the consumption of finite resources.ReuseReduceRecycleRefurbish/RepairRemanufactureThe concept of circular economy is a crucial tool in reversing the environmental crisis by promoti

3、ng the reuse of materials and the efficient utilization of expired products to minimize the negative impact on the environment.Additionally,it encourages the responsible use of natural resources and extends the service life of environmentally hazardous products such as plastics and electronic applia

4、nces.It is not only beneficial for the environment,but it also creates job opportunities and adds value to the economy.Furthermore,it holds manufacturers accountable for the waste generated by their products,which is why regulatory bodies like the CPCB in India have implemented regulations such as t

5、he EPR authorization,which requires companies to develop a plan for managing the waste generated by their products to reduce environmental damage.Circular economy works on the following principle STRATEGIES TO MAKE BUSINESSES SUSTAINABLE AND CIRCULAR 1.Circular Inputs In a circular economy,productio

6、n processes utilize renewable,recycled,or highly recyclable inputs,enabling partial or total elimination of waste and pollution.Rather than being a liability that incurs disposal costs,waste becomes an asset.2.Product Use Extension This allows for the creation of new revenue streams through repairs,