The China Mail - 'Throwaway economy' thwarting climate goals: report

USD -
AED 3.672497
AFN 64.502996
ALL 81.626056
AMD 360.509697
ANG 1.789785
AOA 917.999887
ARS 1537.720904
AUD 1.42128
AWG 1.8025
AZN 1.693708
BAM 1.756231
BBD 2.013047
BDT 124.13403
BGN 1.747831
BHD 0.377413
BIF 3002.420003
BMD 1
BND 1.281647
BOB 12.038845
BRL 5.360703
BSD 0.99943
BTN 95.119137
BWP 13.826143
BYN 2.945822
BYR 19600
BZD 2.010084
CAD 1.404475
CDF 2315.000563
CHF 0.830035
CLF 0.024903
CLP 983.289797
CNY 6.66835
CNH 6.663805
COP 3162.73
CRC 454.457699
CUC 1
CUP 23.987213
CVE 99.01448
CZK 21.881029
DJF 177.975728
DKK 6.711875
DOP 61.402524
DZD 135.308036
EGP 56.0889
ERN 15
ETB 163.857782
EUR 0.89803
FJD 2.244201
FKP 0.75114
GBP 0.751675
GEL 2.570497
GGP 0.75114
GHS 11.648236
GIP 0.75114
GMD 73.999595
GNF 8845.80675
GTQ 7.63805
GYD 209.438376
HKD 7.84547
HNL 26.831951
HRK 6.76901
HTG 130.948372
HUF 329.553019
IDR 18179
ILS 3.125204
IMP 0.75114
INR 95.161498
IQD 1515.218182
IRR 1857000.00028
ISK 121.95999
JEP 0.75114
JMD 158.527332
JOD 0.709022
JPY 158.229
KES 130.000454
KGS 87.448595
KHR 4083.886696
KMF 441.000096
KPW 899.999961
KRW 1343.144948
KWD 0.31103
KYD 0.832963
KZT 455.005455
LAK 22494.601062
LBP 89501.142644
LKR 332.317142
LRD 169.910519
LSL 16.661653
LTL 2.95274
LVL 0.60489
LYD 6.431365
MAD 9.832304
MDL 17.990957
MGA 4540.985152
MKD 55.296394
MMK 2099.630718
MNT 3601.077836
MOP 8.076272
MRU 40.489393
MUR 47.560198
MVR 15.449899
MWK 1733.063347
MXN 18.686565
MYR 4.076597
MZN 63.910247
NAD 16.661653
NGN 1344.170219
NIO 36.780453
NOK 9.27935
NPR 152.193532
NZD 1.780183
OMR 0.38451
PAB 0.999421
PEN 3.447629
PGK 4.480862
PHP 63.980988
PKR 276.5266
PLN 3.953799
PYG 5850.263778
QAR 3.643866
RON 4.805097
RSD 105.560982
RUB 80.621764
RWF 1479.735463
SAR 3.750314
SBD 8.064647
SCR 13.701227
SDG 601.504736
SEK 9.929655
SGD 1.282755
SHP 0.749344
SLE 22.874984
SLL 20969.504398
SOS 571.202795
SRD 37.650503
STD 20697.981008
STN 22.000027
SVC 8.745235
SYP 13001.999685
SZL 16.657163
THB 33.778495
TJS 9.205205
TMT 3.5
TND 2.998649
TOP 2.40776
TRY 49.8373
TTD 6.78409
TWD 32.4321
TZS 2644.427987
UAH 45.57773
UGX 4352.413493
UYU 40.211023
UZS 12008.530699
VES 886.72915
VND 25856.5
VUV 118.98361
WST 2.767767
XAF 589.069206
XAG 0.018644
XAU 0.000247336495
XCD 2.70255
XCG 1.801308
XDR 0.707052
XOF 589.069206
XPF 107.090743
YER 236.150032
ZAR 16.67625
ZMK 9001.199549
ZMW 20.164415
ZWL 321.999592
SSP 5745.470209
MXV 2.107155
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

'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."

P.Ho--ThChM