• §ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.mlOP
    link
    fedilink
    arrow-up
    3
    arrow-down
    1
    ·
    1 year ago

    Based on what I dug into regarding the concept, a closed-loop economy focuses on three principles:

    1. Eliminate waste and pollution
    2. Circulate products and materials
    3. Regenerate nature

    This being the case, I don’t see exactly how taxes come into play in any detracting way. Plus it’s pretty lightweight with financial requirements too. It’s more of a modern day more aggressive recycling game plan for a community.

    • Terevos@lemm.ee
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Circular economy is a better term.

      Closed-loop economy would be more like all money used is also generated within the system. No money is added or subtracted from the community.

      But whatever… I get what they’re talking about.