WRAP have produced an infographic showing their vision of a circular economy for the EU, outlining how the European economy could be transformed by 2020, through wide-scale adoption of a resource efficient circular economy.
Speaking to UK and European business leaders at WRAP’s Annual Conference in London, Dr Liz Goodwin outlined the considerable benefits to the economy, job creation and the environment, identified by WRAP’s EU 2020 Vision.
She pinpointed food as one of the most wasted resources and called for “concerted action” to halve UK household food waste by 2025.
She said business opportunities from more efficient resource use include:
- Business competitiveness improvements of £330 billion (400 billion EUROS)
- The potential for an additional 160,000 people to be employed in the recycling sector
- Improved trade balance of £90 billion (110 billion EUROS)
- 500 million tonnes of CO2 equivalent could be avoided
- 190 million tonnes less extracted raw materials and imported goods used
- 220 million tonnes less waste produced
- 350 million tonnes more materials recycled
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