Circle Economy at World Economic Forum: World risks Disaster
From the press release of Circle Economy
The world risks a disaster as global resource consumption passes 100 billion tonnes a year. Circular economy strategies are essential as reuse of resources falls from 9.1% to 8.6%.
The global economy is consuming 100 billion tonnes of materials a year for the first time ever. But reuse of resources has gone into reverse. This reveals a report from impact organization Circle Economy launched on January 21 2020 in Davos at the annual meeting of the World Economic Forum.
The Circularity Gap Report 2020 finds that the world’s economy is now only 8.6% circular – of all the minerals, fossil fuels, metals and biomass that enter the economy each year just 8.6% are reused. This has fallen from 9.1% in the two years since the annual report was first launched in 2018.
Circle Economy posits that countries are particularly well positioned to tackle the widening circularity gap, and calls on governments to establish national roadmaps for circularity. It says these can make their economies more competitive, improve living conditions and help to meet emissions targets and avoid deforestation. It identifies different strategies for different countries based on the living standards of their population and their ecological footprint.
The report highlights positive trends and circular solutions already being adopted around the world. But still global use of materials has nearly quadrupled in 50 years, from just 26.7 billion tonnes in 1970, and it is forecast to rise to between 170 and 184 billion tonnes by 2050. The underlying reasons for this negative trend are all hardwired into the dominant “take-make-waste” economic model.
The report says national governments are key to shifting from a linear to a circular economy. It calls on them to collaborate on circular strategies to measure and improve resource efficiency, to translate global trends into national roadmaps, and to work with businesses, NGOs and academics to drive action.
Circle Economy will officially launch the report during the World Economic Forum in Davos (21-24 January 2020), an annual meeting which brings together some 2,500 politicians, business leaders and economists to discuss the most pressing issues facing the world today.
As an impact organization, Circle Economy connects and empowers a global community to create the conditions for systemic transformation. The organization works alongside businesses, cities and governments to identify opportunities to make the transition to a circular economy and provide practical and scalable solutions to turn those opportunities into reality.
Adessium Foundation supports Circle Economy. We support initiatives that work to create an environment that enables a more sustainable economy. We want to help make a new economic system a reality by investing in important elements, such as speeding up the transition to a circular economy.