Have you recently been hearing much about circular economy but need to learn about its meaning? Like you, there are many people who are equally interested in gaining knowledge about circular economy and sustainability. With the world becoming environmentally conscious, the notion of circular economy is gaining much traction. The main aim of circular economy is the elimination of waste and the promotion of sustainable consumption by retaining resources in usage for a prolonged period. Through the implementation of this principle, the strain on natural resources has been significantly reduced.
One of the prime elements in circular economy is Extended Producer Responsibility or EPR services. EPR services make manufacturers accountable for the complete lifecycle of their products. By the incorporation of this policy, manufacturers are incentivized to design products with recyclability in mind and to own responsibility for their disposal. This principle is essential in boosting circular economy and acquiring sustanability.
