Climate change, resource scarcity, ecosystem degradation, pollution… Many of today’s environmental problems are linked to our unsustainable way of exploiting and extracting resources.
The circular economy is a more environmentally friendly economic model that seeks to decouple growth from resource use: increasing resource productivity while reducing environmental impact.
What is resource productivity?
It is the efficiency with which an economy will create useful products or wealth from natural resources while taking into account the associated environmental impacts.
Resource productivity = GDP / amount of material consumed per capita for own needs
An increase in resource productivity thus translates into increased wealth and less or no use of resources.
Working on a more reasoned and efficient use of resources ensures their availability in the future, increases security of supply, reduces environmental impacts but is also synonymous with economic gain.