Circular Economy and Decarbonisation
A circular economy, an alternative to a linear economy, keeps resources in use for as long as possible, extracts the maximum value from them whilst in use, and recovers and regenerates products and materials at the end of each service life thereby reducing our dependency on natural resources and benefiting our social and environmental communities.
Cutting operational carbon and buying carbon offsets alone is not enough to reach Net Zero. We need to take action on material resources: how much we use, how it’s made, what it’s made of, how we use it and dispose of it. There are four key ways organisations can use circularity as a tool to address carbon emissions and move toward Net Zero. They include:
Closing loops so that you get the most out of materials and reducing embodied carbon
Narrowing loops to reduce the amount of resource required or reduce the amount emissions-spewing transport and logistics
Slowing loops by making durable products and ensuring they stay in use for as long as possible
Cleaning loops to reduce the pollution and negative impacts of production and use