Shifting to a Circular Economy: The Renault Case

Shifting to a Circular Economy: The Renault Case

A circular economy according to World Economic Forum (2015) is an industrial system that is regenerative or restorative by design and intention. It replaces the concept of end-of-life with restoration and shifts towards the usage of renewable energy. Additionally. The circular economy eliminates the use of chemicals that are toxic, which return to the biosphere and impair their reuse, and aims at wastes elimination through the superior design of products, materials, and models of business (World Economic Forum 2015). The traditional linear production is an alternative to the Circular economy which keeps the resources for a longer time possible in use, extracts the maximum value of resources while it…