Saturday, January 26, 2019

Circular economy gap: just 9% of the 92.8 billion tonnes of materials that enter the economy are re-used annually

These numbers were revealed in a report presented by Circle Economy in Davos during the annual meeting of the World Economic Forum. According to the report, 62% of global greenhouse gas emissions (excluding those from land use and forestry) are released during the extraction, processing and manufacturing of goods to serve society’s needs; only 38% are emitted in the delivery and use of products and services. Authors of the report argues that innovation to extend the lifespan of existing resources will not only curb emissions but also reduce social inequality and foster low-carbon growth.