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The opportunity of transitioning to a circular economy
Australia’s rapid economic development and population growth has placed pressure on our cities, infrastructure, services and resources - predominantly based on our linear economic model of 'source, make, use, waste’.
Whilst Australia has started to explore sustainable solutions, such as alternative sources of energy, curbing excessive consumption, implementing greater efficiency in the built environment, and expanding on existing recycling efforts, this isn’t enough.
Reversing the current pattern of development requires a truly holistic approach. Our report explores the opportunity for Australia to adopt the concept of a circular economy, establishing a robust and holistic framework for sustainable growth. This involves creating closed-loop material cycles across the production and consumption value chain, and treating waste as a leakage of value to be avoided rather than dismissed.
PwC Chief Economist, PwC Australia
Tel: +61 416 245 535
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