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P-HealthX > Blog > Environmental Wellness > 2023: The Circular Economy In Review
Environmental Wellness

2023: The Circular Economy In Review

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Last updated: 2024/01/01 at 4:43 PM
By admin 3 Min Read
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Contents
2023: A Year of Progress and Challenges for SustainabilityRecycling Highlights & LowlightsTransition Progress & PushbackNow What?

2023: A Year of Progress and Challenges for Sustainability

While renewable energy investments reached new highs, 2023 was a tough year for sustainability due to an economic downturn that made people less likely to spend. Nonetheless, an increasing emphasis on sustainability has raised the stakes for consumers, companies, and communities. The hottest year in history prompted concerns about reducing our species’ environmental impact and spurred personal changes and investments in infrastructure, businesses, and sustainable products. 2024 will be a pivotal year for the United States—a time for the nation to lead the way to a new economy or fall back on fossil fuels to its peril and that of the world.

During 2023, the concept of creating a circular economy gained popularity, with the reuse of materials serving as the foundation for rethinking humans’ relationship with stuff and nature. The circular economy is set to double in size by 2026, presenting new options for low-impact living. This transition will lead to a more sustainable society by keeping materials in use longer and moving towards 100% renewable energy.

Recycling Highlights & Lowlights

Despite promising statistics such as the U.S. recycling rates nearing the historical average of 32%, there are still disappointments. The lack of dialogue between companies and consumers has created a level of distrust, leading to challenges in embracing a reduce-reuse-repair-recycle approach. At the same time, Extended Producer Responsibility legislation has seen some progress, offering hope for improved recycling practices.

Transition Progress & Pushback

While there have been notable advancements in areas such as electric vehicle sales and renewable energy investments, the economy has slowed down these progressions. The pushback from oil-producing nations at the United Nations COP28 climate meeting is an example of the challenges facing the transition away from fossil fuels. The historic statement at COP28 for transitioning away from fossil fuels must now overcome delaying tactics by the fossil fuel industry and oil-exporting nations.

Now What?

National government efforts to reduce emissions appear to be stymied by lobbying and influence from oil and gas companies. State and local governments, along with individuals, need to take action to cut emissions and prepare for climate impacts as the world warms past 1.5C.



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admin January 1, 2024 January 1, 2024
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