Improvements in waste recycling and resource management can help boost the UK’s GDP and create thousands of new jobs, according to a new report.
Going for Growth, by the Environmental Services Association (ESA) and the Waste and Resources Action Programme (WRAP), suggests that countries should focus on improving the design, manufacture and recycling of products by making them usable for as long as possible.
By switching to a circular economy, rather than staying on a linear path where goods are produced, used and thrown away, we could “strengthen our competitiveness in the resource-hungry world of the future”, it adds.
The ESA and WRAP say that companies should rethink the design, manufacturing, retailing, consumption, wasting and recycling of products in order to allow them to be reused and have a smaller environmental footprint.
Liz Goodwin, chief executive of WRAP, said in a speech, “Quite simply, the circular economy is good for the economy and good for the environment.
“Our vision estimates that by 2020 there is potential for the UK‘s net exports to increase by more than £20 billion. A huge figure and one that ESA also supports in today’s report.”
She added, “By 2020 there is the opportunity to create 10,000 new jobs in the recycling sector alone and where businesses could reduce their costs by more than £50 billion a year”.
However, in this scenario, investment would be riskier as an economy based on reused resources would be less stable. Therefore, the study suggests that governments should develop de-risking strategies in order to make investment in the circular market more secure.
Ecover reveals new packaging made from sea plastics
Online portal launched to help manufacturers recycle
Sustainable plastics: the world’s future materials
Like our Facebook Page
The Pros and Cons of Fixed Prices for Sustainable Energy
How to Plan an Unforgettable Eco-Friendly Trip to Europe
Is Decarbonizing The Shipping Industry an Achievable Goal?
Designing Eco-Systems Sustainable Exhibits: Strategies for Reducing Environmental Impact
Green Living, Education and Awareness Are Keys to Preventing Mesothelioma
Canada Can Take New Steps to Make Healthcare Greener
Roy Bartholomew Shares Basics of Ecosystem Engineering
Understanding the Evolving Science of Environmental Health
Is Eco-Friendly Composite Decking Really Good for the Planet?
Eco-Friendly Composting Tips that All Gardeneners Should Follow
6 Home Improvements You Can Make to Help the Environment
Reduce, Reuse, Recycle: Eco-Friendly Party Favors Made for the Garden
Humane Pigeons Pest Control Tips Environmentalists Can Follow
Environmental Impact of Artificial Grass for Your Lawn
Choosing The Best Eco-Friendly Furniture Set for your Living Room
Planning an Eco-Friendly Bus Trip to Singapore with Friends
How to Travel More Sustainably While Saving Money
The Truth About The Environmental Impact of Dogs
6 Major Luxury Residential Projects Responding to Climate Change
Essential Findings to Include in Your Research Paper on Air Pollution
- Energy11 months ago
How To Choose the Right Solar Inverter for Your Home?
- Energy11 months ago
How to Choose the Best Solar Panel for Your Home
- Environment11 months ago
Reduce Industry Footprints with Sustainable Material Swaps
- Environment10 months ago
Is Smart Building Technology the Future of Sustainability?