Human well-being is critically dependent on the Earth’s natural systems. Despite exponential economic, social, and technological advances seen in the past decade, environmental damage continues to spiral downwards, posing a serious and almost-inevitable threat to human prosperity.
The world is facing unprecedented challenges caused by our current approach to consumption and production. In 2019 alone, 92 billion tonnes of materials were extracted and processed, contributing to almost half of the global CO2 emissions. As such, there is mounting pressure to shift toward a circular economy, whereby elimination of waste and safe use of natural resources are promoted.