New and NoteworthyNew and Noteworthy2015-06-17T07:00:00ZGP0|#c2591d37-d237-45d0-98c3-e84ee55e5dad;L0|#0c2591d37-d237-45d0-98c3-e84ee55e5dad|June 2015;GTSet|#78f153b4-3e08-4266-8725-bd656ec40488<div class="ExternalClassDFB804D0E9DB44848245E1523A9E249A"><p><strong>New report makes the climate case for a circular economy </strong></p><p>A new report by Zero Waste Scotland, <em><a href="" target="_blank">The Carbon Impacts of the Circular Economy</a></em>, is one of the first studies of its kind to model the impact of circular economy strategies at a national level on greenhouse gas emissions. It applies Zero Waste Scotland’s ground-breaking Carbon Metric, as well as other peer reviewed research, to quantify the potential carbon impacts of a more circular economy in Scotland.</p><p>The report highlights the substantial carbon impacts of Scotland’s material consumption and provides strong evidence that moving towards a circular economy could significantly reduce the country’s carbon footprint while supporting economic growth. Of note, the report suggests material consumption is responsible for over two thirds of Scotland’s carbon emissions and nearly 1 in every 5 tonnes of material flowing through the Scottish economy is waste. </p> <hr /><p> <strong>European bank ING release report <a href="" target="_blank">Rethinking Finance in a Circular Economy</a></strong></p><p>This report examines the financial implications of circular business models, or those that: use fully renewable, recyclable or biodegradable resource inputs; extend product life cycles; offer a product as a service; promote collaborative consumption through sharing platforms; and recover resources at the end of a product life cycle. The report suggests a critical role for the finance sector in enabling the transition to a circular economy and spells out what some of the financing issues and possible solutions are. Conclusions include: </p><ul><li>Circular business models often require multiple forms of capital; </li><li>Pay per use earnings models require more emphasis on the timing of cash flows Contracts are pivotal in financing circular business models;</li><li>Contracts are pivotal in financing circular business models;</li><li>Creditworthiness becomes even more important as pay per use models might attract less creditworthy clients; and </li><li>Value creation in second hand markets can increase financeability of circular business models</li></ul><p> </p><hr /><p> <strong>Awards recognize leaders in waste prevention and the circular economy </strong></p><p>The Forum of Young Global Leaders launched a <a href="" target="_blank"><span lang="EN-US">Circular Economy Awards Program</span></a> and the 2015 winners were announced in January. Winners ranged from <a href="" target="_blank"><span lang="EN-US">Ecovative</span></a>'s mushroom materials, and <a href="" target="_blank"><span lang="EN-US">Method</span></a>'s cradle-to-cradle range of products to the <a href="" target="_blank"><span lang="EN-US">Danish Business Authority</span></a>, recognized for its ambitious, zero-waste strategy to position the country at the forefront of the resource-efficient economy. Runner-up <a href="" target="_blank"><span lang="EN-US">Innoverne</span></a>'s software platform allows businesses to share valuable assets and tools, and <a href="" target="_blank"><span lang="EN-US">Dell</span></a> was recognized as a pioneer for implementing a major redesign of its systems to minimize environmental impact, including the incorporation of post-consumer plastics in Dell products.  More recently, the Cradle to Cradle Products Innovation Institute, in collaboration with Autodesk, launched a <a href="" target="_blank"><span lang="EN-US">Product Design Challenge</span></a>. The Venlo Bag, Finite Faucet, and Pure/If/Hide were the winning products. <br></p><hr /><p> <strong>Value Chain Management International report estimates food waste in Canada is worth $31 billion annually</strong><strong>  </strong></p><p>Value Chain Management International revisited their 2010 Food Waste in Canada report and now estimate that food wasted in Canada is worth $31 billion annually, $4 billion more than previously estimated in 2010. Released in December 2014, <a href="" target="_blank"><span lang="EN-US">Food Waste in Canada: "$27 billion" revisited</span></a><span lang="EN-US"> </span>indicates this is a conservative estimate because unknown but significant quantities of food are wasted in institutions like hospitals, prisons, and schools, and in the travel industry.  This seminal report suggests that food waste is a symptom of ineffective and inefficient processes, and highlights the need for companies to look beyond a volume-driven model and work with stakeholders through the value chain.  The report suggests that by addressing food waste, companies can expect to reduce operating costs by as much as 15-20 percent, increasing overall profitability. <br></p><hr /><p> <strong>Canada's Eco Fiscal Commission launches inaugural report</strong></p><p>At present, "Canada depletes more natural assets and produces more waste per unit of GDP than comparator countries". The report, <a href="" target="_blank"><span lang="EN-US">Smart, Practical, Possible: Canada's Options for Greater Economic and Environmental Prosperity</span></a>, is the first published by Canada's Ecofiscal Commission, and outlines the opportunities for implementing ecofiscal policies.  Ecofiscal policies align economic and environmental objectives by reducing taxes on desirable outcomes like labour and income, and increasing them on unwanted outcomes like pollution and environmental damage.  The report notes that "if pollution has a price, innovations to reduce pollution are valuable". Examples of successful ecofiscal policies are cited, and the report suggests there is opportunity for the provinces to take the lead. The report concludes with suggestions of ecofiscal policies that could be implemented in Canada from municipal user fees to waste-use pricing.<br></p><hr /><p> <strong>Innovations from Canadian fast-food chain A&W</strong></p><p>Canadian, fast-food chain <a href="" target="_blank"><span lang="EN-US">A&W</span></a> is demonstrating leadership in waste-prevention by implementing a range of resource-efficiency measures in their restaurants and operations with the goal of achieving 90 percent diversion from landfill:</p><ul><li>Introducing china plates and stainless steel cutlery, preventing 121,000 kg of paper plates and disposable cutlery going to landfill annually;</li><li>Replacing cardboard sleeves for fries with a 70 percent recycled content paper bag, resulting in a 480,000 kg reduction of waste;</li><li>Replacing foil burger wrappers with compostable waxed paper, resulting in a reduction of 115 tons of aluminum annually; </li><li>Encouraging broader use of signature A&W glass mug, saving 4,300 trees annually; </li><li>Influencing its value chain by working with suppliers to reduce their water, energy, and resource intensity; and</li><li>Introducing source segregation of waste in urban A&W restaurants.</li></ul></div>