What’s known as the circular economy was in focus at the COP23 climate summit, which has just wrapped up in Bonn, Germany. UNCTAD and its partners rallied support for an idea that could make the difference for the Paris Agreement on climate change and the Sustainable Development Goals.
“A linear economy is what we have always known. We extract resources. We transform them into goods and services. We sell them. We use them. And then, we scrap them. This is how we’ve done things since the Industrial Revolution. But by doing so, we connected prosperity to the extraction of resources,” said UNCTAD’s Deputy Secretary-General Isabelle Durant.