A circular economy is a model of production and consumption that aims to keep materials, products, and services in circulation for as long as possible. It involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products to reduce waste and pollution. The circular economy is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials at their highest value, and regenerate natural systems. The goal is to decouple economic activity from the consumption of finite resources and move towards renewable energy and materials. The circular economy can help tackle global challenges such as climate change, biodiversity loss, waste, and pollution. It can also increase competitiveness, stimulate innovation, boost economic growth, and create jobs. The EU has updated its legislation on waste management to promote a shift to a more sustainable model known as the circular economy. The circular economy is an inclusive economic model that can protect the environment, improve economics, and elevate social justice.