peter mitchell (waste and resources action programme)
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Circular EconomyTRANSCRIPT
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