Friday, April 29, 2022
Use of natural materials has been growing continuously in the world. With the current growth rates and population increase rates, global demand will in 2050 require resources of three planets like ours. Current increase in demand, limited supply of certain resources and disrupted supply chain cause a significant increase in prices and threaten to give rise to a new economic crisis, demonstrating the fact that the current models of the use of resources are far from being sustainable, while they may potentially cause instability.
To prevent catastrophic consequences of accelerated resource consumption for the humanity, societies and economies across the world have been adopting structural changes in order to reduce their environmental impact. With its 2020 Green Deal, the EU puts climate change in the epicentre of their long-term development plans, thus making commitment to become the carbon neutral continent by 2050. Transition to circular economy is an important element of this plan.
Full analysis of the circular economy, barriers and incentives in BiH can be found HERE.
The executive summary is available HERE.