Benefits of a more Circular Economy for South Australia

Compared to a ‘business as usual’ scenario, a more circular economy could deliver significant job creation and greenhouse gas reduction benefits. 

It could create an additional 25,700 full time equivalent jobs:

  • 21,000 jobs by actioning material efficiency gains
  • 4,700 jobs by actioning efficient and renewable energy gains

It could reduce South Australia’s greenhouse gas (GHG) emissions by 27% or 7.7 million tonnes of CO2 equivalent:

  • 21% GHG reduction by actioning efficient and renewable energy gains
  • 6% GHG reduction by actioning material efficiency gains

 

International Momentum

Recent overseas studies report similar findings:

Wales, Scotland, the World Economic Forum, and the work of the European Commission confirm the opportunity that the circular economy provides.

Major global businesses such as Google, Unilever, Nike, Cisco and Renault are investing heavily in the circular economy, with the capacity to influence supply chains worldwide.

2001

Japan’s Basic Act on Establishing a Sound Material-Cycle Society

2011

Belgium’s Flanders’ Materials Programme established. A public-private initiative run by OVAM, the public waste and materials agency, won the award for circular economy governments, cities and regions at the 2016 World Economic Forum Annual Meeting in Davos.

2012

The Ellen MacArthur Foundation* releases the watershed report Towards the Circular Economy.

2015

China releases a national strategy for achieving a circular economy.

2015

The European Union releases its circular economy package.

2015

World Resources Forum Asia Pacific held Sydney estimated the value of a circular economy to Australia could be AU$26 billion per year by 2025.

2016

Scotland releases its circular economy strategy.

 

2017

South Australia releases its report The Benefits of a Circular Economy in South Australia.

*Denmark, Scotland, Taiwan, Northern France, Wallonia (Belgium), Catalonia (Spain), London (UK), Haarlemmermeer (Netherlands) and Phoenix (USA) are all working together in the Ellen MacArthur Foundation’s CE100 governments and cities program to accelerate the transition towards a circular economy.