The global economy is consuming 100 billion tonnes of materials a year for the first time ever – but reuse of resources has gone into reverse, according to a new report.
Launched 21 January in Davos at the annual meeting of the World Economic Forum, The Circularity Gap Report 2020 suggests that the world’s economy is now only 8.6 per cent circular.
The report claims that of all the minerals, fossil fuels, metals and biomass that enter it each year, just 8.6 per cent are reused.
This has fallen from 9.1 per cent in the two years since the annual report was first launched in 2018.