A growing and unsustainable demand for natural resources globally is being driven by population growth, rapid industrialization in emerging economies, and high consumption levels in economically developed countries.
Some countries and companies are looking to a circular economy approach to generate economic opportunities while addressing critical environmental and natural resource management issues. In a circular economy, products, materials, and resources are kept in use for as long as possible, minimizing waste and pollution. For example, circular economy approaches may include the use of biodegradable waste to produce energy, or the repurposing of plastic waste to create a new product.
A circular economy approach is an alternative to the current linear economic approach of “take-make-waste” (resources are extracted, or taken, to make products, which are discarded as waste once they are no longer wanted or useful).
This assessment will explore the implications of advancing a circular economy in Canada, including the potential economic, environmental, and social impacts.
Environment and Climate Change Canada
What are the potential opportunities and challenges for a circular economy in Canada?