$1.3tr spent on circular economy each year, but ‘more needed’ to reap full investment rewards
Governments, companies and private financial institutions invest over $1.3 trillion a year in the circular economy, according to Chatham House, in the first-ever estimate of its kind.
“Recycling, reusing materials and reducing waste makes clear business sense, which is why spending on the circular economy is rising rapidly,” said Patrick Schröder, senior research fellow at Chatham House.
“However, 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.”
The analysis by Chatham House and Just Economics found that companies invest around $800 billion a year in the circular economy – just over 2% of the $35 trillion that goes towards the linear economy.
Read the full article at: www.circularonline.co.uk
