Circular Economy News — Week 9

David Mattersdorfer
5 min readMar 8, 2024

--

Summary about last week (9)

1. 🏦 Over 640 billion dollars to cover environmental damaged from waste till 2050

2. 🤝 The UK’s Reconomy Group is taking over Sudamin Rohstoff GmbH from Germany

3. 👗👕 H&M goes into the recycling business

4. 🏭 Veolia takes over 100% of Hofmann-Gruppe

5. 🍾 rPET prices on the rise

6. 🔨 Non-iron metal industry down

7. 🛢️ Shell plans to build two large biomethane plants for agricultural residues

📫 for regular updates sign up for the newsletter: https://bit.ly/3PnZZW9

Topics

1. 🏦 Over 640 billion dollars to cover environmental damaged from waste till 2050

🔗 link

A report from the United Nations Environment Programme warns of a significant increase in global waste mass and associated damages by 2050, projecting costs to climb to $640 billion annually, a rise of over 75% from 2020. The report attributes this escalation to biodiversity loss, climate change, and deadly environmental pollution. It highlights that in 2023, an estimated 2.1 billion tons of household waste were generated globally, with industrial waste not accounted…

--

--

David Mattersdorfer

Implementing Circular Economy ≫ madana.at | Managing Director | Lecturer | Entrepreneur