THE GLOBAL ECONOMY IS NOW ONLY 7.2% CIRCULAR
The global situation is getting worse year on year—driven by rising material extraction and use.
Rising material extraction has shrunk global circularity: from 9.1% in 2018, to 8.6% 2020, and now 7.2% in 2023. This leaves a huge Circularity Gap: the globe almost exclusively relies on new (virgin) materials.
This means that more than 90% of materials are either wasted, lost or remain unavailable for reuse for years as they are locked into long-lasting stock such as buildings and machinery.
Rising material extraction has shrunk global circularity: from 9.1% in 2018, to 8.6% 2020, and now 7.2% in 2023. This leaves a huge Circularity Gap: the globe almost exclusively relies on new (virgin) materials.
This means that more than 90% of materials are either wasted, lost or remain unavailable for reuse for years as they are locked into long-lasting stock such as buildings and machinery.
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