Circle Economy, Ecofys and Shifting Paradigms have called for a rapid transition to a global circular economy to meet the ambitious Paris climate agreement. The current national mitigations committments under “Paris” fall short of keeping global warming below 1.5 °C. Circular economy strategies can deliver emissions reductions that could close part of the remaining mitigation gap.
The emissions reduction commitments made by 195 countries at the COP 21 Paris Agreement, are not sufficient to limit global warming to 1.5 °C. To reach the 1.5 °C ambition it is estimated that additional emissions reductions of 15 billion tonnes CO2e per year need to be achieved by 2030. Circle Economy and Ecofys estimate that circular economy strategies may deliver emissions reductions that could basically bridge the gap by half.
“The momentum from a circular economy can provide a basis for the transition to a low carbon economy with secure sustainable economic growth and prosperity for all. To reduce the risk, companies need to find new ways of doing business. The sooner this is accomplished, the less disruptive and more cost-effective the transition will be,” – Preeti Srivastav, Project Director of Corporate Climate Action at Ecofys
Circle Economy and Ecofys have issued a white paper that informs on key strategies to move to a circular state. It also highlights existing circular examples in the world today. The white paper will form part of a further comprehensive analysis of the new climate agreement and targets and circular economy’s contribution to the same. The white paper and initiative were