What is circular economy? What is life-cycle analysis? And why is it important to build a circular economy? Dan Noakes answers your questions in this blog.
The circular economy has enormous potential in helping us dramatically reduce human impact on our planet. To unlock that potential, we need to maintain the value of materials throughout their full life-cycle and avoid unintended consequences. Here’s what that means and how it can help drive innovation.
Humanity has been in environmental overdraft since 1970 and our resource extraction exceeds our planet’s capacity at a rate of 1.75 Earths. Current estimations suggest just 7.2% of all material inputs into the economy are cycled back as secondary materials. Continuing with ‘business as usual’ will lead humanity toward an uncertain future, where dwindling resources will very likely accelerate the global conflict crisis.