In a circular economy, manufacturers create products that are intended to be reusable, designing out waste and regenerating natural systems.
Establishing a truly circular economy is essential if we’re going to reach full-scale decarbonization and tackle the root causes of climate change, biodiversity loss, and pollution crises.
Unfortunately, only 8.6% of the economy is currently circular, and our use of resources continues to grow dramatically every year.
He will also explore the challenges and financial opportunities associated with the transition to a circular economy, and explain why it is so important in the process of decarbonization.
Along with the circular economy, McGinty will highlight economic principles that are shifting as we bump up against natural resource and growth limits, and how carbon pricing and the incorporation of externalities into our economic systems are essential if we’re going to create an inclusive, sustainable economy that reflects our changing climate and evolving social values.
Thank you to Trane Technologies for their continued support of our annual Sustainability Symposium, as well as their total commitment to corporate sustainability.