Economics Circular Economy Questions
Industrial symbiosis is a concept in a circular economy that promotes the collaboration and exchange of resources, materials, and energy between different industries or organizations. It aims to create a mutually beneficial relationship where one organization's waste or by-products become another organization's input or raw material. This symbiotic relationship helps to minimize waste generation, reduce resource consumption, and promote sustainable practices. By sharing resources and collaborating, industries can optimize their production processes, reduce costs, and minimize environmental impacts, ultimately contributing to a more sustainable and efficient circular economy.