Renewable Economies – The potential for circular and bio-economies in Ireland
A sustainable economy would involve transformative change and policies. The ‘circular economy’ theory is based on the understanding that it is the reuse of vast amounts of material reclaimed from end of life products, rather than the extraction of new resources, that is the foundation of economic growth. In July 2019, the Department of Business, Enterprise and Innovation launched its paper – Realising the opportunities for enterprise in the bioeconomy and circular economy in Ireland, which considers the impact of transitioning to more sustainable practices to provide solutions to ‘issues ranging from climate change, to pollution, to economic and regional development’.