Dubai Telegraph - 'Throwaway economy' thwarting climate goals: report

EUR -
AED 3.843685
AFN 77.423228
ALL 98.991341
AMD 412.46392
ANG 1.886635
AOA 958.556336
ARS 1108.465738
AUD 1.646152
AWG 1.883625
AZN 1.783134
BAM 1.955629
BBD 2.113615
BDT 127.188874
BGN 1.958046
BHD 0.394166
BIF 3100.228812
BMD 1.046458
BND 1.399278
BOB 7.233367
BRL 5.998828
BSD 1.046808
BTN 90.393093
BWP 14.40974
BYN 3.4259
BYR 20510.585864
BZD 2.102816
CAD 1.489686
CDF 3003.336166
CHF 0.939704
CLF 0.025745
CLP 987.943581
CNY 7.587913
CNH 7.589571
COP 4267.526704
CRC 528.753748
CUC 1.046458
CUP 27.731149
CVE 110.255356
CZK 25.074509
DJF 186.413694
DKK 7.460835
DOP 65.234294
DZD 141.056661
EGP 52.899373
ERN 15.696877
ETB 131.860866
FJD 2.401313
FKP 0.827646
GBP 0.828517
GEL 2.934124
GGP 0.827646
GHS 16.252578
GIP 0.827646
GMD 75.345381
GNF 9051.208258
GTQ 8.079293
GYD 219.600791
HKD 8.131035
HNL 26.759659
HRK 7.537226
HTG 137.397981
HUF 403.295032
IDR 17059.470501
ILS 3.732236
IMP 0.827646
INR 90.674841
IQD 1371.38004
IRR 44042.824533
ISK 145.751138
JEP 0.827646
JMD 165.145554
JOD 0.742153
JPY 156.16827
KES 135.618137
KGS 91.513195
KHR 4199.632643
KMF 492.362677
KPW 941.818353
KRW 1503.48354
KWD 0.32299
KYD 0.872424
KZT 529.363695
LAK 22740.010848
LBP 93743.89988
LKR 309.492928
LRD 208.841732
LSL 19.20112
LTL 3.08992
LVL 0.632993
LYD 5.115553
MAD 10.421088
MDL 19.534291
MGA 4950.566956
MKD 61.524618
MMK 2196.437436
MNT 3626.32255
MOP 8.378667
MRU 41.884336
MUR 48.430494
MVR 16.119373
MWK 1815.241214
MXN 21.38365
MYR 4.623781
MZN 66.872598
NAD 19.20112
NGN 1572.053084
NIO 38.52663
NOK 11.664981
NPR 144.629349
NZD 1.822622
OMR 0.402655
PAB 1.046808
PEN 3.855663
PGK 4.274626
PHP 60.565357
PKR 292.589906
PLN 4.162446
PYG 8260.277443
QAR 3.815966
RON 4.979158
RSD 117.189749
RUB 93.091857
RWF 1473.071145
SAR 3.924399
SBD 8.824657
SCR 15.046684
SDG 628.921891
SEK 11.146984
SGD 1.39734
SHP 0.831543
SLE 23.796854
SLL 21943.716629
SOS 598.247669
SRD 37.215242
STD 21659.577382
SVC 9.160199
SYP 13606.033167
SZL 19.195321
THB 35.122325
TJS 11.410502
TMT 3.662605
TND 3.31001
TOP 2.450914
TRY 38.036712
TTD 7.113378
TWD 34.31132
TZS 2706.063291
UAH 43.564289
UGX 3843.663781
USD 1.046458
UYU 45.206046
UZS 13520.817285
VES 66.273192
VND 26710.852255
VUV 129.071619
WST 2.940274
XAF 655.899626
XAG 0.032128
XAU 0.000356
XCD 2.828107
XDR 0.79883
XOF 655.899626
XPF 119.331742
YER 258.792935
ZAR 19.231085
ZMK 9419.385666
ZMW 29.49442
ZWL 336.959198
  • SCS

    -0.1200

    12.31

    -0.97%

  • AZN

    0.7100

    74.22

    +0.96%

  • VOD

    0.1000

    8.36

    +1.2%

  • NGG

    0.2100

    61.31

    +0.34%

  • BTI

    -0.7000

    37.85

    -1.85%

  • GSK

    0.0807

    36.64

    +0.22%

  • RIO

    -0.7600

    63.53

    -1.2%

  • RBGPF

    65.4200

    65.42

    +100%

  • RYCEF

    -0.1300

    7.7

    -1.69%

  • CMSC

    -0.0300

    23.37

    -0.13%

  • BCC

    -9.4800

    107

    -8.86%

  • RELX

    -1.1200

    49.29

    -2.27%

  • BCE

    0.4000

    23.97

    +1.67%

  • JRI

    -0.0200

    12.8

    -0.16%

  • BP

    -0.2800

    33.89

    -0.83%

  • CMSD

    -0.0500

    23.42

    -0.21%

'Throwaway economy' thwarting climate goals: report
'Throwaway economy' thwarting climate goals: report

'Throwaway economy' thwarting climate goals: report

Countries are neglecting the massive impact of the "throwaway" economy on planet-warming emissions, according to research published Wednesday that calculated more than half a trillion tonnes of virgin materials have been consumed since the 2015 Paris climate deal.

Text size:

From clothing to food, planes to buildings, research by the organisation Circle Economy estimates that 70 percent of greenhouse gas emissions are linked to the manufacturing and use of products.

But in its annual report on the state of the world's use of materials, researchers said national climate pledges to reduce emissions focus narrowly on fossil fuel use and ignore the mounting global appetite for stuff.

Matthew Fraser, head of research at Circle Economy, said the report aimed to look beyond just fossil fuel use and the transition to green energy and ask about the emissions implications of using fewer resources.

"What if we reimagine our relationship with stuff, what would that bring us? Actually, it is quite significant," he told AFP.

The report estimates that if the economy were more circular, reducing resource extraction and consumption by 28 percent, then the world could meet the Paris warming target of 1.5 degrees Celsius above pre-industrial levels.

But only a third of nations' climate pledges mention the circular economy as part of their emissions goals, the report said.

It warns that humanity is consuming 70 percent more virgin materials than the world can safely replenish.

- Economic 'metabolism' -

The analysis looks at global material flows based on national import and export figures and translates them into estimates of materials used -- and reused.

It calculates annual resource use has grown from 89.8 billion tonnes in 2016 to more than 100 billion tonnes in 2019 and estimated it at 101.4 billion last year.

Circle Economy found that almost all of the materials extracted go to waste, with just 8.6 percent of materials recycled in 2020, what they call the circularity gap.

That is an even lower proportion than in 2018, when reused materials were 9.1 percent of the total, as the global demand for more things surges.

"Even though we are getting more efficient with how we use materials -- computers are getting smaller, cars are becoming lighter, recycling is getting better -- these micro gains in efficiency just aren't stacking up relative to the total increasing demand," said Fraser.

The report identified a number of practices across sectors from food production to transportation that it said could help rein in the ever-expanding use of virgin materials.

Fraser said the model that enables people in richer countries to buy products from all over the world to be delivered within hours and days "will inevitably have to change".

The report also weighed strategies like enabling electrical goods -- which contain critical raw materials including gold, silver and cobalt -- to be repaired, redesigning items to be easier to recycle, restricting single-use plastics and renting items like cars rather than buying them.

One sector it identified as having a significant opportunity to reduce its materials footprint was buildings and construction, where Fraser said current practices were far from sustainable.

He said government policy would be needed occasionally to reconfigure the economic incentives that make reusing resources more expensive than using new ones -- stressing that this should be seen as an integral part of efforts to curb global warming.

But Fraser said for now the issue remains a significant blind spot for governments, which he said do not pull together data of their countries' materials footprint.

He added that people in the future may ask tougher questions about whether materials can be recycled before they are even used.

"Could we become more strict about the metabolism of our economy? Just like you wouldn't eat junk food all the time," he said.

"I think in the future that could become more and more prominent."

I.Menon--DT