Which of the following statement s is are correct regarding Circular Economy It aim decoupling of ec...........

Economic and Social Issues Growth and development

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Which of the following statement/s is/are correct regarding Circular Economy?

It aim decoupling of economic activity from the consumption of finite resources, and designing waste out of the system.
It focuses on transition to renewable energy sources.

Select the correct answer using the codes below.

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

Looking beyond the current take-make-waste extractive industrial model, a circular economy aims to redefine growth, focusing on positive society-wide benefits. It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Underpinned by a transition to renewable energy sources, the circular model builds economic, natural, and social capital. It is based on three principles: