• §ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧOP
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    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
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      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.