The Circularity Gap Report 2024

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The Circularity Gap Report 2024 emphasises the urgent need to transition towards a circular economy to address the decline in global circularity, despite growing mainstream awareness. It showcases the critical analysis and theory developed since 2019, stressing the necessity to act now.

The report highlights the overshoot of planetary boundaries due to linear economic practices and identifies 16 circular economy solutions capable of reversing this trend by reducing material extraction by one-third. It urges a shift in global economies towards circular principles to enhance development, resilience, and well-being, calling for governments and industries to abandon exploitative practices and adopt sustainable, circular strategies.

This involves creating policies that promote circular and sustainable practices, adjusting fiscal policies to favor circular solutions, and building expertise in circular practices for a just transition. The report also focuses on the importance of circular solutions in addressing key global systems like food, the built environment, and manufactured goods, which are major contributors to environmental overshoot.