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World’s consumption of materials hits record 100bn tonnes a year

Summary:
Unsustainable use of resources is wrecking the planet but recycling is falling, report finds “We risk global disaster if we continue to treat the world’s resources as if they are limitless,” said Harald Friedl, the chief executive of Circle Economy. “Governments must urgently adopt circular economy solutions if we want to achieve a high quality of life for close to 10bn people by mid-century without destabilising critical planetary processes.” Marc de Wit, the report’s lead author, said: “We are still fuelling our growth in population and affluence by the extraction of virgin materials. We can’t do this indefinitely – our hunger for virgin material needs to be halted.” The Guardian  World’s consumption of materials hits record 100bn tonnes a year

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Unsustainable use of resources is wrecking the planet but recycling is falling, report finds


“We risk global disaster if we continue to treat the world’s resources as if they are limitless,” said Harald Friedl, the chief executive of Circle Economy. “Governments must urgently adopt circular economy solutions if we want to achieve a high quality of life for close to 10bn people by mid-century without destabilising critical planetary processes.”

Marc de Wit, the report’s lead author, said: “We are still fuelling our growth in population and affluence by the extraction of virgin materials. We can’t do this indefinitely – our hunger for virgin material needs to be halted.”

The Guardian 


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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