peter mitchell (waste and resources action programme)

CIRCULAR ECONOMY

Peter Mitchell(Waste and Resources Action Programme)

Circular Economy

Peter MitchellHead of Market Economics, WRAP

Collaboration for Sustainable Lifestyles through Business and Social Innovations, Berlin, Nov 2013

By 2030 McKinsey estimate that circular business models will be operating in markets with a value of over £16 Trillion (global)

A circular economy approach in Europe could save £200 - £400 billion a year

UK businesses could save £23 billion from no/low cost resource efficiency measures

Economic opportunity

Collaboration for Sustainable Lifestyles through Business and Social Innovations, Berlin, Nov 2013

Minimise the environmental impacts of production and consumptionprevents resources being wastedincreases resource productivityenhances resilience and competitivenessreduces risks from resource scarcity

Making a difference

Collaboration for Sustainable Lifestyles through Business and Social Innovations, Berlin, Nov 2013

Sustainable approach

Collaboration for Sustainable Lifestyles through Business and Social Innovations, Berlin, Nov 2013

Vision for circular economy

Collaboration for Sustainable Lifestyles through Business and Social Innovations, Berlin, Nov 2013

Million tonnes 2010 2020 Change

Materials in 540 510 -30

Waste 260 210 -50

Materials back in

120 140 +20

+10,000 jobs through increased recycling and re-use

>£50 billion in cost savings to business

Circular economy

Collaboration for Sustainable Lifestyles through Business and Social Innovations, Berlin, Nov 2013

‘We can’t solve problems by using the same kind of thinking we used when we created them’ - Einstein