According to the Ellen MacArthur Foundation, a circular economy is “based on the principals of designing out waste and pollution, keeping products and materials in use and regenerating natural systems.” By employing reuse, sharing, repair, refurbishment, remanufacturing and recycling methods to create a close-loop system, circular systems minimise the use of new materials and keep products equipment and infrastructure in use for longer.
According to the Ellen MacArthur Foundation, a circular economy is “based on the principals of designing out waste and pollution, keeping products and materials in use and regenerating natural systems.” By employing reuse, sharing, repair, refurbishment, remanufacturing and recycling methods to create a close-loop system, circular systems minimise the use of new materials and keep products equipment and infrastructure in use for longer.
The usual way of making steel gives rise to a tremendous amount of green house gases that trap heat into the atmosphere and prevent it from escaping. However, a new method of steel production that MIT has invented could revolutionize steel-making ending up producing a cheaper and way stronger alternative.