The Circular Economy Could Unlock $4.5 trillion of Economic Growth, Finds New Book by Accenture
The Circular Economy could generate $4.5 trillion of additional economic output by 2030, according to new Accenture (NYSE: ACN) research that identifies circular business models that will help decouple economic growth and natural resource consumption while driving greater competitiveness.
The Accenture Strategy research unveiled in a new book, Waste to Wealth, published by Palgrave Macmillan, reveals that today’s business practices will contribute to a global gap of eight billion tons between the supply and demand of natural resources by 2030. This is equal to the total resource usage in North America in 2014 and translates to $4.5 trillion of lost economic growth by 2030 and as much as $25 trillion by 2050.
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