Apr 27, 2022
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This model is the basis of a linear Job Function Email Database economy, in which value is created by producing and selling as many products as possible. In this system, waste is the end point, so everything from plastic waste to food waste is now threatening our ecosystem. In addition to this, this economic chain produces large amounts of Job Function Email Database greenhouse gases such as carbon, methane and nitrous oxide before it reaches consumers. In fact, the extraction and processing of raw materials currently accounts for half of all global greenhouse Job Function Email Database gas emissions. Throughout the process, water and land are also exploited, resulting in an alarming rate of habitat and biodiversity loss. All in all, according to the Global Job Function Email Database Footprint Network, we are already consuming more than 75% of what the planet can sustain in the long term, yet much of the world continues to function as if that were not the case. In contrast, a circular economy is a closed-loop system in which raw materials, components and products lose Job Function Email Database as little value as possible. It is renewable by design, aims to gradually separate economic growth from the consumption of finite resources, and is supported by a transition to renewable energy. The circular model builds on economic, natural and social capital and focuses Job Function Email Database on positive whole-of-society benefits. Transitioning to a circular economy Job Function Email Database means going further than just adjusting to reduce the negative impacts of a linear economy. It is a systemic shift that builds long-term resilience, creates business and economic opportunities, and provides environmental and social benefits. Research shows that if we apply circular Job Function Email Database economy strategies to the five most common materials in the economy – cement, aluminium, steel, plastic and food – we can eliminate nearly half of the remaining emissions from commodity production, or 9.3 billion metric tons to Reduction in CO2 equivalent by 2050, equivalent to all current Job Function Email Database global transport emissions.