The circular economy offers a value-chain approach to tackling this problem. Rather than the current linear flow of materials through the global economy, in which they are extracted, processed, manufactured, used, and finally disposed of as waste, a circular economy uses a systemic approach to decouple economic prosperity from material use by maintaining a circular flow of resources through regenerating, retaining or adding to their value, while contributing to sustainable development. The circular economy not only encourages sustainable production and consumption, but could also contribute to tackling the 45 per cent of global emissions that cannot easily be mitigated through the shift to renewable energy and energy-efficiency measures,2 and help halt and reverse land degradation and biodiversity loss.
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