Understanding the transition to a circular economy and its implications on the environment, economy and society
The transition to a circular economy entails a systemic transformation of entire value chains, covering design, production and consumption phases, so that the value of products, materials and resources can be maintained in the economy for as long as possible, while reducing environmental impact. It also aims at increasing material productivity, including de-materialisation, and exploring new representations and practices of property for individuals and collectives. Such a deep transformation is unlikely to happen suddenly and would rather follow some transition processes and pathways.