Home / Management/ Global resource consumption tops 100 b ton for first time

Global resource consumption tops 100 b ton for first time


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 22 January 2020 00:42


Paris, AFP: The world is using up more than 100 billion tons of natural resources per year for the first time ever while global recycling of raw materials has fallen, according to a report released Tuesday.

The share of minerals, fossil fuels, metals and biomass feeding into the global economy that is reused declined in two years from an already paltry 9.1% to 8.6 today, the Circularity Gap Report 2020 found.

“No country is meeting the basic needs of its citizens while also operating within the physical boundaries of our planet,” said Marc de Wit, a director at the non-profit Circle Economy and lead author of the report.

The resources fuelling the world economy increased more than eight% in just two years from 93 billion tons in 2015 to 100.6 billion in 2017, the last year for which data is available.

Since 1970, the human population has doubled, the global economy has grown fourfold, and trade has expanded tenfold, a trajectory that—in the absence of widespread recycling—relentlessly pushes up the demand for energy and resources.

Global use of materials is projected to balloon to 170-184 billion tons by mid-century, the report said.  “Our current economic and financial systems are driving unsustainable consumption, and degrading the natural environment,” said Cristianne Close, head of WWF Markets Practice.

To improve living standards—especially in low-income countries—while also protecting ecosystems that provide clear water, air and soil, the world must vastly boost the share of recycled natural resources, the authors said.

Wealthy nations, the authors note, consume 10 times more resources per person than in the developing world, and produce far more waste.

Rich countries must “take responsibility for the impact of their imports and exports,” the report said. Much of what they consume comes from less developed nations, while much of their waste is exported, it noted.

China—which recently banned most solid waste imports, forcing the United States, Britain and Japan in particular to scramble for other disposal solutions—has become a leader among middle-income nations in industrial-scale recycling. “China, for instance, has pioneered eco-industrial parks where the waste of one business becomes the feedstock for another,” the report notes.

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Economy vs. environment – What you see in the mirror

Wednesday, 26 February 2020

Do we buy organic vegetables? Or are we cost conscious and buy the regular vegetables? Would we rather live in United States or United Kingdom which have higher air pollution levels, or would we live in Myanmar or....


Seven Kartajaya mantras for Sri Lankan marketers

Wednesday, 26 February 2020

Hermawan Kartajaya is the former President of the World Marketing Association and one of the top 50 marketing gurus who has shaped the world of marketing. His insight has made many companies change their business strategies....


When the saints go masquerading in

Tuesday, 25 February 2020

So that saintly MP has thrown a spanner in government’s works again. The pious member lashed out against a battery of citizens from journalists and lawyers to members of his own estate. Last week, much of his grievance was about the silence of the


So Sri Lanka; more like, so where are all the women in the hotel industry?

Tuesday, 25 February 2020

The tourism industry is a key service export of Sri Lanka. It is currently the third-largest export earner after foreign worker remittances and textiles and apparel and brought in $ 4.4 billion in 2018 alone, equivalent to 4.9% of the country’s GDP


Columnists More