An interactive map which has revealed the potential that the circular economy has to create job opportunities has been released by WRAP.
The map was launched as part of WRAP's week long exhibition at the Palace of Westminster. The exhibition aimed to demonstrate the potential circular economy job opportunities in each parliamentary constituency.
The new interactive tool will help individuals to understand the potential of the circular economy and enable them to view the number of job prospects the circular economy could create in their constituency.
Off the back of a report by WRAP and Green Alliance, it was estimated that over 210,000 new jobs could be needed across the UK, rising to half a million if the circular economy agenda was to be significantly developed.
Liz Goodwin, CEO, WRAP said:
“WRAP has shown the jobs potential for Continent, Country and Capital. But now we’re drilling right down to the Constituencies - delivering indicative figures for MPs and their constituencies. Boosting the economy, providing jobs and protecting the environment are key issues for any government. However, the circular economy could offer real benefits in all three areas, and promises to turn these issues into opportunities”.
WRAP’s vision is a world where resources are used sustainably. It works in partnership with governments, businesses, trade bodies, local authorities, communities and individuals looking for practical advice to improve resource efficiency that delivers both economic and environmental benefits.
What is a circular economy?
WRAP states that a circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extracting the maximum value from them whilst in use, then recovering and reusing products and materials. Circular economy jobs include repair, waste & recycling and rental & leasing sectors.
Examples of circular business models include designing goods to last longer, which can lead to greater reuse; greater repairability which can support the growing remanufacturing industry; and allowing for easy recovery of materials when a product is eventually recycled. Service models, which could include product maintenance and take back schemes as well as rental and peer-to-peer sharing models, also hold much potential.
If you have any questions about the circular economy, please do not hesitate to get in touch.