Governments all over the world are looking to build and shape the circular economy model within all levels of infrastructure & civilization development. This is an opportunity of a lifetime, but it will also raise levels of accountability for builders & contractors, architects and engineers.
What do The Stats say About The Circular Economy?
“Our global economy is growing, reaching an unprecedented $94 trillion in 2021 – with rising population, urbanization and living standards. Our challenge now is to keep up this momentum in a way that works for people and the planet. Looking at today’s consumption levels, sustaining our current growth trajectory would require the ecological resources of 2.3 planets by 2050. This number is significantly higher for mature markets. The US, for example, would need five planets to sustain present-day consumption levels; Germany would need three.” ~ World Economic Forum
A Worldwide Opportunity
The worldwide mandate for a reduction of 30% by 2050 is an aggressive stand and lends to many positives including transitioning to a circular economy that will create a host of new jobs, from recycling and repair all the way to digital and innovation-driven work.
“The city of Seattle, for example, recycles or composts nearly 60% of its municipal solid waste and aims to increase that statistic to 70% by the end of 2022. Elsewhere, the ITC Maurya Hotel in Delhi is a LEED platinum-rated hotel that recycles 99% of its solid waste and sources 30% of food and beverages locally.” ~ World Economic Forum
