19 Jan 2023 --- As the annual World Economic Forum (WEF) is underway in Davos, Switzerland, a report by impact organization Circle Economy and services company Deloitte is calling for a 30% reduction in material extraction worldwide to limit global warming to 2 degrees. The report details that of the landmark 100 billion tons of virgin materials extracted from Earth annually, only 7.2% make it back into the economy. A more circular world could reduce material consumption by one-third, it states and would tackle climate change and bring the world back within safe planetary limits.
