& Tobago

Very usefull links


News links




Dow Jones

Oil price



Views and News




To meet climate goals, world urged to reuse natural resources



By Michael Taylor / Thomson Reuters Foundation

Petroleumworld 01 22 2019

More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday.

Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass - are currently put back into service, said a report by Amsterdam-based social enterprise Circle Economy.

CEO Harald Friedl told the Thomson Reuters Foundation more efficient use of those resources could help avoid overshooting the goals adopted in the 2015 Paris Agreement to limit the average rise in global temperatures to “well below” 2 degrees Celsius (3.6F), and ideally to 1.5C, above pre-industrial times.

The Circle Economy report said 62 percent of heat-trapping emissions, excluding land use and forestry, are released during the extraction, processing and manufacturing of goods.

To tackle climate change, government policy has so far focused on adopting renewable energies, boosting energy efficiency, and stopping deforestation, the report said.

“It is like when you look in your closet on a morning and you only look for pants,” said Friedl by phone. “We need to change the whole system.”

The amount of materials the world uses has tripled since 1970 and could double again by 2050 if no action is taken, the United Nations estimates.

To reduce waste and emissions, economies should seek to become “circular” by reusing products, Friedl added.

“To make things circular may be painful - from changing consumer and business habits to telling countries to put up the right regulations - but it is feasible,” he said.

In Asia, fast-developing economies and urbanisation are driving huge investments in construction and infrastructure, offering chances to promote a circular economy, said Friedl.

In Europe, the report urged countries to maximise the value of existing buildings by extending their lifespan, improving energy efficiency, and finding new uses for them.

The report outlined three broad strategies to shift to a circular economy. The use of products should be maximised, such as through car-sharing or keeping vehicles for longer, it said.

Recycling and reducing waste are also key, as is using natural, low-carbon materials in construction, like bamboo and wood instead of cement, it said.

Governments should adopt taxation and spending plans that encourage a circular economy, raising levies on emissions and excessive waste production while cutting them for labour, innovation and investments, the report added.

Financial incentives that promote the overuse of natural resources, such as fossil fuels, should be abolished, it said.

"It's a hands-on way to save the world," said Friedl.


We invite you to join us as a sponsor.

Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.


Reporting by Michael Taylor @MickSTaylor; editing by Megan Rowling from Thomson Reuters Foundation

reuters.com 01 21 2019

Hit your target - Advertise with us

PW 300.000 plus request per week

Copyright© 1999-2019 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions Petroleumworld.com as the source.

Other stories you have to get authorization by its authors. Internet web links to http://www.petroleumworld.com are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1



Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.