A new study by the Club of Rome concludes that by 2030, carbon emissions could be cut by almost 70% if a key set of circular economy policy measures were adopted.
A case study focused on Sweden (the first in a series) suggests that 2015 is a key window of opportunity to start modernising the EU economy, while boosting jobs and tackling climate change ahead of the UN climate change conference, COP 21, in Paris in December.
The analysis of the Swedish economy highlights the multiple benefits of moving to a circular economy by using and re-using, rather than using up .
The study undertaken with the Swedish Association of Recycling Industries analyses the effects of three strategies underpinning a circular economy: renewable energy, energy efficiency and material efficiency.
Indeed caring for items through repair, maintenance, upgrading and remanufacturing is far more labour-intensive than mining and manufacturing in highly automated facilities, the report points out. In moving to a more circular economy, the number of additional jobs would likely exceed 100,000 – cutting unemployment by more than a third.