Keeping stuff in use for as long as possible, at its highest value
Credit: ReLondon
A circular economy is one in which stuff is kept in use for as long as possible, delivering the highest value it can, for as long as it can.
So rather than making, using and then throwing stuff away (a linear system), a circular economy means looking at each of those stages for new ways of cycling materials and value back into the system – using materials and products again and again, in many different forms.
Why do we need a circular economy?
To tackle the climate emergency, globally we need to reduce greenhouse gas emissions by 50% by 2030, and 80% by 2050. 45% of global CO2e emissions arise from the manufacture, consumption and disposal of products and materials, through the management of land and the production of food and goods (so-called ‘consumption-based emissions’).
Cities are the engine room of the circular economy. Around 55% of the world’s population lives in urban areas, and this is projected to increase to around 70% by 2050 – and London, a global city of 9m people and counting, must be a leader on the world stage in pioneering this shift.
Are you interested in learning more about circular economies, and how to apply this in your life. Read more at Circular economy explained - ReLondon.
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