The government must take resource risk seriously in order to create a sustainable manufacturing economy that is focused on the long-term, according to a new report by environmental thinktank the Green Alliance.
The report, titled Resource resilient UK, sets out what the government and businesses must do in order to effectively manage resource risk. It analyses the ways in which a circular economy can minimise risk, reduce waste and benefit consumers, the environment and businesses.
The Green Alliance says, “The UK needs to act now or risks falling behind.” It states that other countries have already begun implementing measures to secure resources to support their economic activities.
Dustin Benton, author of the report, said, “Our analysis shows that companies in the UK want and need to avoid resource security risks. There’s a lot that businesses can do on their own, but the government needs to help.”
He stressed the importance of reuse, recycling and remanufacturing within business.
“Manufacturers could recover components rather than just raw materials: the recovered components in an iPhone are worth over 200 times the value of the raw materials used to make them. These new supplies would also be less exposed to energy, water, and other material security risks.”
Responding to the report, Gareth Stace, head of climate and environment policy at EEF, a manufacturer’s organisation, said, “We now need a clear delivery plan on how we move this forward. This has to be kickstarted with a full debate with manufacturers, designers, local authorities and the waste management industry to establish the feasibility of these suggestions and identify any unforeseen impacts.”
Stace added that incentives for companies that embed values which support circular economy should be in place in order to encourage the kickstart.
The criticism over a lack of government intervention follows calls from the UK Sustainable Investment and Finance Association (UKSIF) and others for policymakers to rethink the decision to drop an environmental review, which was blocked by the Treasury in 2012.
Like our Facebook Page
Green Entrepreneurs Find Creative Ways to Balance Ethical Goals with their Retirement Objectives
The Surprising Environmental Benefits of Using an Organic Mattress
Everything You Need to Know Before You Start Using Renewable Energy in 2021
The Curtis Institute of Music Makes Facilities More Energy Efficient
What Can Ecotourists Learn from Visiting Chernobyl?
Mastering the Art of Trading Bitcoins Profitably and Sustainably
5 Essentials for Promising Eco-Friendly Businesses to Thrive in a New Economy
Bitcoin – an Eco-Friendly Cryptocurrency That is Rocking the World!
Charity Organizations Who Are Taking Steps to Become More Environmentally Friendly
Eco-Friendly Tips to Bear in Mind When Dealing with a Scrap Car Dealer
Eco-Friendly Devices Are Amazing for Improving Indoor Air Quality in Urban Areas
6 Financial Benefits of Solar-Powered Homes
From Store to Door with Minimal Impact: How Companies Are Eco-Friendly Innovators
The Eco-Friendly Evolution of Bitcoin Over the Years
A Guide to Investing In Renewable Energy Stocks in 2021
9 Simple Changes for Creating an Energy-Efficient Home
Creative Ideas to Practice Eco-friendlier Consumerism
Why Eco-Friendly Solutions Can Work for Your Home
How to be More Environmentally-Conscious in 2021
Hawkers Launch a Truly Innovative Eco-Friendly Sunglass Line
- Editors Choice12 months ago
10 Green Companies With Amazing Environmental Initiatives
- Features12 months ago
5 Sustainable Home Improvement Ideas To Improve Your Home’s Value
- Energy11 months ago
10 Amazing Energy Saving Hacks for Spring
- Invest10 months ago
4 Super Simple Solutions To Create The Perfect Eco-Friendly Home