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Biodiversity and the circular economy | Greenbiz – GreenBiz

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Making its way to the top of global agendas and the bottom of balance sheets, biodiversity recently has risen through the ranks of planetary priorities. As a result, I’ve noticed a growing number of organizations calling to connect the dots between the circular economy and biodiversity, so I thought it worthwhile to consider their relationship — one that I instinctively felt to be a bit of a stretch. 

Although fundamentally aligned in their overlapping aims to address resource extraction, water scarcity, energy generation, toxicity and climate change, in practice circular economy strategies and biodiversity preservation seem to be one step removed. 

For example, repairing or reselling a pair of jeans does not directly preserve biodiversity. But done at scale, product life extension and keeping materials in use for as long as possible does reduce the need to extract the same quantity of natural resources, and therefore reduces the strain on our ecosystems. The same can be said for climate change mitigation, given that climate change contributes to 11 to 16 percent of biodiversity loss, and circular economy strategies can reduce carbon emissions

A central aim of the circular economy is to curb the extraction of finite resources and to regenerate living systems — two strategies that support the preservation of biological diversity, but only if they are done right. 

No one framework or priority is intended to stand alone or address every problem in the world.

As companies champion the $7.7 trillion potential of the bioeconomy by 2030, a gradual move away from nonrenewable (and often petroleum-based) inputs has made manufacturers and materials scientists alike turn to bio-based materials as ideal inputs to more circular systems.

One example is the nuances of bioplastics, which are often produced through monoculture farming in deforested areas and use synthetic fertilizer. This actively decreases biodiversity and contributes to the 90 percent of biodiversity loss created by the way that we extract and process materials, fuels and food. 

I think the Dutch consultancy Circle Economy posed the question best: “You need biodiversity for a circular economy, but do you need a circular economy for biodiversity?” 

Personally, I don’t care. Connecting the dots between biodiversity and circularity isn’t necessarily additive, although it certainly can’t hurt.

Whether a company’s primary lens is sustainability, regeneration, net-zero, biodiversity, the circular economy or something else, what matters most is an aligned orientation of these solution sets to make sure we’re moving in the right direction. Neither the circular economy nor biodiversity preservation are ends unto themselves. These are means to move us towards a clean and resilient economy, equitable and prosperous communities and a healthy planet. 

No one framework or priority is intended to stand alone or address every problem in the world. 

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How will the U.S. election impact the Canadian economy? – BNN Bloomberg

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How will the U.S. election impact the Canadian economy?  BNN Bloomberg



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Trump and Musk promise economic 'hardship' — and voters are noticing – MSNBC

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Trump and Musk promise economic ‘hardship’ — and voters are noticing  MSNBC



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Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

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OTTAWA – The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.

Statistics Canada’s gross domestic product report Thursday says growth in services-producing industries in August were offset by declines in goods-producing industries.

The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and transportation and warehousing.

The report noted shutdowns at Canada’s two largest railways contributed to a decline in transportation and warehousing.

A preliminary estimate for September suggests real gross domestic product grew by 0.3 per cent.

Statistics Canada’s estimate for the third quarter is weaker than the Bank of Canada’s projection of 1.5 per cent annualized growth.

The latest economic figures suggest ongoing weakness in the Canadian economy, giving the central bank room to continue cutting interest rates.

But the size of that cut is still uncertain, with lots more data to come on inflation and the economy before the Bank of Canada’s next rate decision on Dec. 11.

“We don’t think this will ring any alarm bells for the (Bank of Canada) but it puts more emphasis on their fears around a weakening economy,” TD economist Marc Ercolao wrote.

The central bank has acknowledged repeatedly the economy is weak and that growth needs to pick back up.

Last week, the Bank of Canada delivered a half-percentage point interest rate cut in response to inflation returning to its two per cent target.

Governor Tiff Macklem wouldn’t say whether the central bank will follow up with another jumbo cut in December and instead said the central bank will take interest rate decisions one a time based on incoming economic data.

The central bank is expecting economic growth to rebound next year as rate cuts filter through the economy.

This report by The Canadian Press was first published Oct. 31, 2024

The Canadian Press. All rights reserved.

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