The Circularity Gap Report 2020, launched in Davos, finds that the world is now only 8.6% circular. Of all the minerals, fossil fuels, metals and biomass that enter it each year just 8.6% are cycled back. This has fallen from 9.1% in the two years since our annual report was first launched in 2018. Today, for the first time ever, our global economy is consuming 100 billion tonnes of materials each year and circularity is stuck in reverse.
Circle Economy has launched the first Circularity Gap Report in 2018 because we recognised the need for improved metrics to lead impactful action. The Report, which will be launched annually, will continue to provide insights into the circular state of the world and additionally focus on specific aspects of circularity. From launching the first global metric in 2018, the industry focus in 2019, to the country perspective in 2020. The focus will be on the topics Circle Economy feels are vital to drive action or where momentum is building. The main goal of the Global Circularity Gap Report is to provide key players that can implement the circular economy with the insights, data, knowledge and network to accelerate change.