Explainers. "What is Circular Economy and Why does It Matter?". United Nations Development Programme. October 23, 2024. https://climatepromise.undp.org/... (Contributed by Gregory Autin).
Our current economic system can be considered a “linear economy”, built on a model of extracting raw materials from nature, turning them into products, and then discarding them as waste. Currently, only 7.2% of used materials are cycled back into our economies after use. This has a significant burden on the environment and contributes to the climate, biodiversity, and pollution crises. Circular economy (CE), on the other hand, aims to minimize waste and promote a sustainable use of natural resources, through smarter product design, longer use, recycling and more, as well as regenerate nature. Besides helping tackle the problem of pollution, CE can play a critical role in solving other complex challenges such as climate change and biodiversity loss.
Posted on 23/10/24
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