March 20, 2017
FM World reported that the fund of £6.5 million ($8 million/€7 million) was granted to support the circular economy and in particular SMBs to “reduce, reuse or recycle”, and the strategy is set to start in 2019. This follows a £14 million ($17 million/€16 million) project, Accelerating Reprocessing Infrastructure Development (ARID), which previously helped businesses to “reduce, reuse or recycle 399,000 tonnes of waste, avoiding 79.5 KT in carbon emissions”.
The long term plan is for zero waste, but short-term the target is for 70 percent recycling by 2025, and 100 percent by 2050. Lesley Griffiths, Cabinet Secretary for Environment and Rural Affairs, said: “The £6.5 million fund I am announcing underlines our commitment to moving towards a circular economy. This will help businesses save money by becoming more resource efficient and resilient, an approach that will deliver numerous environmental benefits including less waste and reduced CO2 emissions.
“We are proud if Wales were an EU member state, we would be fourth in terms of the amount we recycle. We will continue to advocate the widespread adoption of a circular economy among businesses and our European partners as we aim towards the ambitious targets we have set ourselves in Towards Zero Waste.”
This week the London Waste and Recycling Board (LWARB) approved a £50 million ($62 million/€57 million) for the next three years to contribute to the “development of the circular economy” in London, and the Mayor of London wants to “achieve 65 percent recycling by 2030” and zero carbon by 2050”.
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