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3 shifts can scale the circular economy – triggering a more resilient, prosperous system

GO CIRCULAR

3 shifts can scale the circular economy – triggering a more resilient, prosperous system

Approximately $57 billion of global electronic waste is generated every year. Additionally, food loss and waste accounts for $950 billion in lost value – a number equivalent to the Netherlands' annual GDP. Source: weforum

Given the twin crises of the pandemic and the global economic downturn, system reset is more relevant than ever. It’s time to leave behind current wasteful and polluting models to usher in better growth-based business models and innovative regenerative strategies. Such a transformation is possible – but requires scaling circular economy solutions and forging new collaborations, across businesses, governments, researchers, financial institutions, and civil society organizations.

Stepping up circular economy efforts globally will also mean triggering strategic shifts across sectors. To that end, these 3 shifts are key:

  • Design for circularity
  • Shift to new business models
  • Resource management systems that preserve value

Relevant news

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Closed Loop Partners highlights 2020 investments in circular economy
Closed Loop Partners says it welcomed a number of new investors, including Microsoft, and received additional commitments from existing investors, such as Nestlé.
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A new circular economy centre will be launched in the UK
The Circular Revolution is described as being ‘the first business-led hub in the UK focused on circular thinking
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Challenges in the plastics recycling supply chain
Circular economy virtual talks series. Interview with Christine Levêque, the Independent Expert at ADVINSS.
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Braskem, Encina formalize partnership
Braskem will work with Encina to develop logistics and certifications for a recycled polypropylene feedstock.
CIS PETROCHEMICALS
Can chemical recycling make plastic more sustainable?
Wood Mackenzie published an article on chemicals recycling - its pros and cons. Globuc here republishes the highlights from this article.
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LyondellBasell has announced the startup of its MoReTec molecular recycling facility in Italy
LyondellBasell has announced the startup of its MoReTec molecular recycling facility in Ferrara.