This way, we can ensure that the best solutions are prioritized in the NDC, are inclusive of all those affected, and have local ownership to be effectively implemented on the ground. With International Papers support, TNC led the way in analyzing and implementing forestry practices that improve both carbon storage and biodiversity protection. At Circularity 23, Reuse Seattle, a consortium that includes SPU, won the Reusies 2023 Community Building Award. With circular consumption, every resource we extract from the earth is incredibly valuable and stays in use for a long, long time. Ranking behind it werethe Netherlands with 24.5 percent, and Austria with 9.7 percent. A circular economy is a regenerative system in which resource input and waste, emission, and energy leakage are minimized by slowing, closing, and narrowing energy and material loops. The first challenge is limited knowledge. The amount of electronic waste reached 7.3 kilograms per capita in 2019, and the majority is not managed in a sound way, harming the environment and our health. The Ellen MacArthur Foundation works to accelerate the transition to a circular economy. You can unsubscribe at any time using the link in our emails. A theater designer by training, Goldmark has been doing a lot of bridge-building lately. Viet Nam is striving to build for the future and accelerate a green and inclusive economic rebound. It is vital, but would only address 55% of global emissions. A key part of the solution to the three planetary crises that we . Opt not to print. August 24, 2020 As cities continue to respond to the many challenges imposed by climate change, this complex coupling between mitigation and adaptation is likely to increase. | Old browsers are unstable, unsafe and do not support the features of of this website. As part of the Paris Agreement, countries are adopting climate pledges known as Nationally Determined Contributions (NDCs) to reduce GHG emissions and increase resilience against extreme weather and natural disasters. In the building sector alone, circular economy actions are estimated to cut emissions by up to61% |. What is circular economy? Cities can serve as a catalyst, leading the way in applying principles of circular economy in their work with mitigation and adaptation.. Of all habitats, forests have the greatest potential to increase carbon storage and avoid greenhouse gas emissions through improved forest management, according to TNC. Unfortunately, many of these adaptation measures themselves result in an increase in consumption of materials and resources, ultimately increasing greenhouse gas emissions. To start closing the loop, UNDP believes that countries should leverage their national climate pledges their NDCs to include circular economy measures. 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. Check out our latest thinking and real-world solutions to some of the most complex challenges facing people and the planet today. Schwab Foundation for Social Entrepreneurship, Centre for the Fourth Industrial Revolution, Here's how we can double the size of the circular economy in ten years, Why the circular economy is the business opportunity of our time, 5 reasons to shift from a throw-it-away consumption model to a circular economy, 21 circular economy solutions: changing how we eat, live and travel for a more sustainable world, The Circulars Accelerator 2023: Meet the 16 startups accelerating the transition to a circular economy. In the context of cities, urban planning offers great opportunities for both circularity and adaptation. Governments, world over, reacted to the pandemic with short-term (rescue) and medium to long term (recovery) measures. Image:Unsplash/Josh Power. | d) Identify research needs and possible global governance improvements that could help governments and stakeholders to address such barriers and bottlenecks, including concerning specific resources. Title VI Notice of Nondiscrimination GACERE is an initiative of the European Commission on behalf of theEuropean Unionand theUnited Nations Environment Programme, in coordination with the United Nations Industrial Development Organization. A weekly update of the most important issues driving the global agenda. An official website of the United States government. Kosovo*, for example, is supporting innovative solutions for start-ups and SMEs, including the development of a mobile app for identifying environmental pollution and misconduct in urban areas. And an increasing number of countries, such as Mexico, are working to better connect circular economy solutions with their climate action plans. Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics. This does not include online advertising cookies. We need to change the way we think about climate change in order to reduce greenhouse gas emissions (GHGs) and meet the targets set out in the Paris Agreement. This transition, therefore, requires not only adequate investment and finance, but also knowledge transfer, community-building, and training throughout the transition period. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. Sign up for our newsletter "In the Loop with EPA - Circular Economy Updates.". The Nature Conservancy is a nonprofit, tax-exempt charitable organization (tax identification number 53-0242652) under Section 501(c)(3) of the U.S. Internal Revenue Code. As a result, the tide has changed, at least on surface. In this 2017 paper in Nature Climate Change, scholars at Imperial College London tally up the total amount of CO2 that needs to be reduced by 2050 (relative to a business-as-usual scenario) to . "This is circular everything not just the circular economy, if you will, and we need to think of the economy as a tool to preserve the health of our state more than an end in itself . One of the biggest opportunities to improve circularity is with fluff pulpthe white fluffy material that makes diapers and other hygiene products absorbent. The global food system is responsible for between 20-30% of greenhouse gas emissions, most of which GreenWaves polyculture ocean farming method produces a mixture of shellfish and seaweeds in a way that benefits nature. The document explores the nexus between circular economy and climate change and offers insights on how circular approaches can strengthen climate action. While global greenhouse gas emissions are expected to fall slightly this year due to social distancing measures and economic shutdowns associated with the pandemic, global carbon dioxide levels remain at an all-time high. With the next round of NDC revisions required in 2025, now is the time to define circular economy measures to include in NDCs, helping to accelerate the transition to a more circular and regenerative world. The views expressed in this article are those of the author alone and not the World Economic Forum. Its a really powerful tool and I think people dont always realize that its there and available to us. This is available to us right now, today from how we design products to what we choose to buy and whether we compost. Instead of sending products on a linear journey between a factory and a landfill, a circular economy focuses on repairing, refurbishing, reusing, and upcycling in order to get the most out of every product. Advancing the circular economy is another important part of the solution, and it creates significant value for companies that embrace it. Ghana is working to improve urban waste management by supporting entrepreneurs who are building houses made of recycled plastic waste. When we cant use them anymore, we break them down into component parts and re-manufacture or remake them into new objects. By decoupling economic growth from resource use, setting global standards in . For example, under UNDPs Climate Promise, The Gambia, Lao PDR, South Sudan, Uganda and Vanuatu conducted detailed circular economy assessments as part of their NDC revision process to identify and prioritize circular economy interventions for enhancing their climate ambition. The urban population continues to grow globally, which, in combination with hazards becoming more frequent due to climate change, increases the vulnerability against climate risks. With support from Japan, Kosovo* is helping businesses embrace sustainable green practices. Decarbonization must play a central role in the COVID-19 economic recovery. Even as the global pandemic endures, International Paper will continue to advance natural climate solutions by leading on forest stewardship and circularity. The circular economy, including recycling products from wastewater, is a moneymaker. In the meanwhile, today's global economy is only 8.6% circular. These trends would have huge impacts on our planet, in terms of climate change, environmental and land degradation, water stress, biodiversity loss and human health. Cities can serve as a catalyst, leading the wayin applying circular economyprinciplesin their work with mitigation and adaptation. To keep . A circular economy makes use of various strategies such as reducing, reusing and recycling that together eliminate waste, lower material and resource consumption and reduce greenhouse gas emissions. Market-based tools such as forest certification are a great way to leverage natural climate solutions while strengthening a business model that values forests and helps address deforestation. For example, green spaces in Stockholm. Terms of Use These experiences and practices offer a lot of wisdom and guidance on how to create a truly circular world. How we extract, use, and dispose of our resources can affect already vulnerable communities disproportionately. Circular Economy and Climate Change, 2021. A particular focus would be on policies and regulatory frameworks that have proved successful in supporting just transition policies and practices contributing positively to sustainable human development and ensuring that no one is left behind. While global greenhouse gas emissions are expected to fall slightly this year due to social distancing measures and economic shutdowns associated with the pandemic, global carbon dioxide levels remain at an all-time high. The directors recognised the value of collaboration between the MDBs on the circular economy, and agreed that their institutions should continue to work together, including via the Circularity Exchange Network (CEN) - a group initiated by Circle Economy and the Dutch Ministry of Infrastructure & Water Management that also consists of the Ellen MacArthur Foundation, UNEP-FI and the World Economic Forum. Responsible forestry is a critical part of the circular economy because it enables us in the forest products industry to meet the needs of our customers while ensuring forests are replenished for generations to come. Step 2: Improve the Loop. Get the latest news and updates from the Climate Promise team at the start of every month. What is the World Economic Forum doing about the circular economy? For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. Republication of a paper first published in 2019. UNDP Administrator, Achim Steiner, met with local communities in Chile that are rolling-out much-needed solutions to waste management. A circular economy keeps materials, products, and services in circulation for as long possible. Its a way to think about [reducing] waste and its a way to think about the front end, what we make and buy. are used for both heatwave protection and recreational activities. "Draft National Strategy to Prevent Plastic Pollution.". Our Best Climate Solution is Circular. Improve and align impact assessment methods for circular economy investments. This component is driven by bioacousticsthe latest technological innovation in holistic and cost-effective biodiversity monitoring. This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing and recycling. Pollution has a pervasive impact on people and society, on biodiversity loss and on climate change. Circular economics pursue a similar objective by favoring economic development, restorative and regenerative by design, decoupling growth from finite resource consumption, eventually. National Recycling Strategy: Part One of a Series on Building a Circular Economy for All. A weekly update of the most important issues driving the global agenda. These efforts help inspire economic development, entrepreneurship, innovation, and equitable green jobs. Climate, biodiversity, human health. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. One of the root causes of pollution - and also of climate change and biodiversity loss - is the unsustainable use of natural resources in our production and consumption models. This site relies on JavaScript to structure its navigation and load images across all pages. Its something we can really leverage right now and lean into to address a lot of problems. by aiming to close its energy loop through various strategies, such as generating electricity from household waste and transforming water treatment sludge to biogas. Cities have implemented a wide variety of different soft and hard adaptation measures, such as building flood defence walls, establishing green infrastructure and installing air conditioning. Mexico is developing and implementing training programmes for subnational authorities to identify circular economy actions that will contribute towards the roadmap for implementing the countrys updated NDC.
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