23 Jan 2020 The world economy is only 8.6% circular. This delay impacts climate change
The Circularity Gap Report 2019 finds that the global economy is only 9% circular – just 9% of the 92.8 billion tonnes of minerals, fossil fuels, metals and biomass that enter the economy are re-used annually. Climate change and material use are closely linked.
Circle Economy calculates that 62% of global greenhouse gas emissions (excluding those from land use and forestry) are released during the extraction, processing and manufacturing of goods to serve society’s needs; only 38% are emitted in the delivery and use of products and services.
The Circularity Gap Reporting Initiative highlights the urgent need to transition to a circular economy. In 2017, Circle Economy recognized the urgent need to accurately measure the circular economy, since there was no global baseline measurement on the global circular economy. In January 2018, the first Circularity Gap Report was published during the World Annual Forum in Davos.