Excerpt from stockwatch.com.cy
The answer to the problem of the linear economic model is the transition to a circular economy, where the value of raw materials and natural resources remains in the economy for as long as possible and waste production is kept to a minimum, said Minister of Energy, Commerce and Industry Natasa Pilides.
Speaking during the presentation of the National Action Plan for the Promotion and Strengthening of the Circular Economy, at a workshop on the “Transition to the Circular Economy: Opportunities and Challenges for Industry”, in Nicosia, the Minister first referred to the problems of the linear economic model.
She noted that the transition from the linear to the circular model creates opportunities for economic transformation, for sustainable development, for achieving more productivity and more competitive advantages.
Referring to the National Action Plan for the circular economy, with a total cost of 90 million euros, the Minister said that it is divided into 4 Pillars.
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