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Circular flow of economy12/3/2023 ![]() ![]() The United Nations’ International Resource Panel concluded that natural resource extraction and processing contribute to about half of all global greenhouse gas emissions. We must take action to address the climate crisis, and material recovery has an important role to play. This work on a circular economy is an important part of slowing climate change. EPA has a broad vision to help the nation address the full impacts of materials on our communities and has set out a transformative vision for our waste management system – one that is inclusive, more equitable, and reflects the urgency of the climate crisis – by releasing a series of strategies that will be dedicated to building a circular economy for all. A circular economy approach under the SMM umbrella demonstrates continuity in our emphasis on reducing negative lifecycle impacts of materials, including climate impacts, reducing the use of harmful materials, and decoupling material use from economic growth and meeting society’s needs. A circular economy reduces material use, redesigns materials, products, and services to be less resource intensive, and recaptures “waste” as a resource to manufacture new materials and products.Ĭircularity is embraced within the sustainable materials management (SMM) approach that EPA and other federal agencies have pursued since 2009. ![]() It is a change to the model in which resources are mined, made into products, and then become waste. ![]() The Save Our Seas 2.0 Act refers to an economy that uses a systems-focused approach and involves industrial processes and economic activities that are restorative or regenerative by design, enables resources used in such processes and activities to maintain their highest value for as long as possible, and aims for the elimination of waste through the superior design of materials, products, and systems (including business models). What other organizations are doing circular economy work?Ī circular economy keeps materials, products, and services in circulation for as long possible.What is EPA doing to promote a circular economy?.Sign up for our newsletter "In the Loop with EPA - Circular Economy Updates." ![]()
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