$1,3 trillion in global circular economy spend proves insufficient

Each year, investors, businesses and governments spend over $1,3 trillion on waste reduction as well as on repair and reuse schemes. The sum in question is inadequate for the purpose of establishing a sustainable and circular economy across borders, a new study finds.

Recycling, reusing materials and reducing waste makes clear business sense, which is why spending on the circular economy is rising rapidly. Funding remains far below where it needs to be to reap the full investment rewards. Moving from a linear ‘take-make-throw away’ economy to circular, sustainable business models will create jobs, promote investment and protect the planet.”

“As economies build back from Covid-19, we must use this moment to break into a profitable, future-proof and circular economy.