Circle Economy has released a new study called The Circularity Gap report, which states that the world is only 9.1% circular, and provides a framework to measure and examine the progress in bridging the gap each year.
According to the organisation, the ability to track and target performance through the Global Circularity Metric will allow people to engage in goal-setting and guide future actions.
The organisation says that a full circular economy would both reduce global natural resource use by 28% and cut greenhouse gas emissions by 72%, supporting the UN’s Sustainable Development Goals (SDGs).
Circle Economy has provided four proposals to bridge the circular gap, these include:
- Building a global coalition for action comprised of businesses, government, NGOs and academics, to arrange an annual report on the circular state of the economy and measure its progress
- Develop a global target and action agenda by collaborating with stakeholders to agree on a goal in alignment with SDGs
- Translate global target to local action roadmaps for circular change
- Improve the understanding of circular systems effect on material saving, value retention and climate.
European Commission Vice- President for jobs, growth and investment and competitiveness Jyrki Katainen said: “This report gives a very concrete and tangible analysis and way forward for the circular economy and is a good contribution, supporting the efforts of many policymakers.
“The European Commission is very dedicated towards the achievement of the SDGs and is committed to transforming the European economy towards a more sustainable, low carbon, resource efficient future. We are convinced that we can only achieve this together through a broad collaboration of all stakeholders – across national borders – to make our systems fit for the challenges of today. This report illustrates how much more effort is still needed.”