Circularity is the business opportunity of our time.
The world economy has grown to unprecedented levels, with global GDP now exceeding USD 94 trillion. On this trajectory we are set to consume 2.3 planets by 2040. To make this work for people and the planet, we need to shift gears: from a linear “take-make-waste” economy to a circular “reduce-reuse-recycle” one.
This change is playing out first and foremost in cities - that’s why we launched the Circular Cities Barometer in partnership with Bloomberg.
SHIFTING THE ECONOMY FROM LINEAR TO CIRCULAR
Shifting to a circular economy is the business opportunity of our time because it strengthens local economies and supply chains, in a way that is:
Creating new jobs and business models. For instance, it is estimated that every 10,000 tons of waste that is recycled can create more than 100 jobs, while the repairing and leasing economy could create exponentially more.
In line with our world’s net zero urgency to keep global warming within 1.5°C. Reaching a 85% material recycling rate across our economy would reduce CO2 emissions by up to 50 billion tons, the equivalent of taking 10 billion cars off our roads.
With regenerative business models that will increasingly substitute resources drawn from nature with recycled materials, thus preserving biodiversity and reducing water use.