The figure shows the value hill in a circular economy (Source: ‘Null Offall’ strategy Luxembourg, adapted from Circle Economy - NL). The circular economy is a system in which value is retained. Products and business models are designed to have much longer and efficient use phases, often involving sharing schemes, for example. After the first-use cycle, value is restored by reusing, repairing, reconditioning, remanufacturing and recycling. Value destruction is thereby slowed and the value, ideally, never reaches zero. All materials and components with value are returned to the economic cycle.
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