Circular economy

As a long-term goal, Costa Brazil has a sustainability plan with the objective of achieving a circular economy with 100% traceability and sustainability by 2025.
The latest estimates for the potential from circular economy opportunities in the built environment could add GBP3 - 5bn annually to GDP by 2036.
The European circular economy opportunities report projects that adopting circular economy principles could not only benefit Europe environmentally and socially but could also generate a net economic benefit of 1.8 trillion by 2030.
The EU's Strategy for Plastics in a Circular Economy, which was agreed in 2018, is forcing companies operating within its borders to make half of all plastic packaging to be either reusable or cost-effectively recycled by 2025, and all plastic packaging be so by 2030.
Managing population impacts on the planet will further strengthen Whole Life Value approaches and drive a move from linear to circular economy.
WRAP suggests that an extensive development of the circular economy could, by 2030, create dispersed employment throughout the UK.
Artificial Intelligence (AI) could create £167bn of value annually through the circular economy, while it could slash global emissions by 4%.
Successful health outcomes for the populations of Europe resulting from progress towards Health 2020 will support a healthy workforce, which is required for successful development of a circular economy.
The shift to a circular economy in Europe is expected to add €900 billion to its economy and create an extra three million jobs by 203014.
A shift to a more Circular Economy, where resources are kept in use for as long as possible, provides an opportunity for the UK to achieve sustainable growth and prosperity.
By 2036, the circular economy could provide London with net benefits of £7bn every year in the sectors of built environment, food, textiles, electricals and plastics, as well as creating 40,000 new jobs in re-use, remanufacturing and materials innovation.
The transition towards a circular economy is estimated to represent a $4.5 trillion global growth opportunity by 2030, while helping to restore our natural systems.
Accenture estimates that organizations could create up to US$4.5 trillion in value by 2030 from adopting circular economy principles more widely.
The Ellen MacArthur Foundation estimates that Europe could create a net-benefit of €1.8bn (£1.59bn) by 2030 by adopting circular economy principles.
A new report has claimed that London could reduce its waste by 60% by 2041 through a circular economy approach.
By 2036 a Circular Economy could provide London with net benefits of up to £7bn per annum, with up to 12,000 new jobs.
Eliminating waste and improving health through the circular economy could be worth $2.7 trillion a year to the global economy.
A new report highlights the potential of a circular economy for food, which could generate $2.7 trillion in benefits annually for society and the environment, while averting an estimated 5 million deaths by 2050.
The State Minister of the Environment in Japan, Tsukasa Akimoto, announced that Japan will advance the circular economy when the world's third biggest economy takes up the presidency of the group of 20 countries (G20) in 2019.
Shifting towards circularity could add £760 billion to the global economy by 2025 and create 1,000,000 new jobs within five years.
In 2015, McKinsey demonstrated that the circular economy approach could boost Europe's resource productivity by 3 percent by 2030, generating cost savings of roughly $6.8 billion a year and $2.04 trillion more in other economic benefits.

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Last updated: 29 March 2020