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Towards a Circular Economy - Context and Opportunities for London
March 7, 2016
This report from the London Waste and Recycling Board (LWARB) discusses how London has the opportunity to lead the way in developing a new, circular economy. This will help address some of the economic, environmental and social issues London will face through to 2036.
There is potential to create over 40,000 gross jobs in circular economy sectors like re-use, remanufacturing and maintenance. Some 12,000 of those are net new jobs. This would reduce London’s unemployment rate by 0.26 percentage points of current levels by 2030.
Moving to a circular economy could bring London benefits of at least £7 billion every year by 2036. This benefit is based on examining five main areas – the built environment, food, textiles, electricals and plastics.