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Smooth transition

Melanie Pölzinger, corporAID

Issue 88 - Fall 2020

Melanie Pölzinger, corporAID team
Melanie Pölzinger, corporAID

This year, World Overshoot Day - the day on which more resources were used than nature can regenerate within a year - fell on August 22nd. Although that was three weeks later than 2019 due to corona, a counter-recipe is still needed. Many see great potential in a circular economy. By extending the life cycle of products and recovering and reusing raw materials, limited resources should be used more efficiently and economic opportunities should also be opened up. These are estimated at $ 4.500 billion annually worldwide. However, benefits and costs are unevenly distributed, because many emerging and developing countries in particular are heavily dependent on “linear” sectors such as mining or the production of fast-moving consumer goods. Long-lasting products and secondary resources are initially not very attractive to them. In order to change that, targeted support is required within the framework of the “Build Back Better” dogma in cushioning the negative effects that the transition to the circular economy can bring with it.

Photo: Mihai M. Mitrea