The Business Case for a Circular Economy: Reduce, Reuse and Recycle as a Solution to Coming Shortages of Raw Materials

On January 24 at the the World Economic Forum, the Ellen MacArthur Foundation launched Project Mainstream, a collaborative project involving large enterprises capable of bringing the circular economy from small-scale pilot projects to the mainstream of business. The press release states: “With commodity prices almost tripling in the last 10 years, businesses and governments are now recognizing this as an opportunity to manage input cost volatility, as this approach decouples economic growth from finite supplies of primary resources.” Towards the Circular Economy, the report which accompanied the launch, finds that “over US$1 trillion a year could be generated by 2025 for the global economy and 100,000 new jobs created for the next five years if companies focused on encouraging the build-up of circular supply chains to increase the rate of recycling, reuse and remcircular economy v 3anufacture.” As an article in The Guardian points out, this initiative intends to tackle the scale and complexity of global supply chains-as well as a crucial stumbling block in recycling – the toxic contents of some products. Canadian readers will be familiar with these concepts from the 2013 report, Closing the Loop: Reducing Greenhouse Gas Emissions Through Zero Waste in BC, which focused on the benefits to consumers and the environment. The Ellen MacArthur Foundation has published reports on the Circular Economy since 2010.

LINKS:

Towards the Circular Economy Vol.3: Accelerating the Scale-up Across Global Supply Chains is available from a link at: http://www.ellenmacarthurfoundation.org/business/reports/ce2014, and previous reports are available at: http://www.ellenmacarthurfoundation.org/business/reports

“Circular Economy offers Business Transformation and $1tn of Savings” (Jan. 24) in The Guardian at: http://www.theguardian.com/sustainable-business/circular-economy-business-transformation-one-trillion-savings

Closing the Loop: Reducing Greenhouse Gas Emissions Through Zero Waste in BC, published by the Canadian Centre for Policy Alternatives Climate Justice Project (March 2013) is available at: http://www.policyalternatives.ca/publications/reports/closing-loop

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s