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What is Circular Economy?
We think it’s important to recognise that circular economy initiatives fall under the ‘sustainability’ umbrella, but not all sustainability initiatives are circular. For the purpose of the Queensland Circular Economy (Industry-Research) program, initiatives supported should fit within the Queensland Waste Management and Resource Recovery Strategy’s definition of the circular economy where: products and materials keep circulating within the economy at their highest value for as long as possible, through reuse, recycling, remanufacturing, delivering products as services, and sharing. Also for inclusion are initiatives which address avoiding the waste of products and materials. In a practical sense that means the principal aim of initiatives or proposals will be around addressing waste and retaining value of materials and products; and any water and energy efficiency benefits will be seen as a bonus. We are looking for those initiatives that will contribute to Queensland being a zero-waste society by reducing material and products going to landfill. |