October 17, 2022 (Maximpact.com Sustainability News) – A billion end-of-life tires are generated every year and there are currently four billion such tires in landfills and stockpiles worldwide, according to a study by the Tire Industry Project for the World Business Council for Sustainable Development published in May 2021. Current estimates are even higher, reaching 1.5 billion waste tires a year according to the World Economic Forum.
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Worldwide, the problem of solid waste is escalating at an exponential rate. Rapid urban population growth combined with changes in consumption means that as a species, we’re beginning to drown in the waste we’re creating.
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Every ton of plastic bottles recycled saves about 3.8 barrels of oil, says the Plastics Industry Trade Association, which has just launched a Zero Net Waste program to help members evaluate waste reduction opportunities and maximize landfill diversion.
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Circular economy can be applied to the universe itself and preserving finite resources, it can also be used as a business model. Business owners of all sizes can benefit from the school of thought associated with circular economy.
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A protest by the environmental justice organization Basel Action Network over an obsolete ship owned by Matson, Inc. being sent to a shipbreaker in India, prompted the shipping company to stop scrapping its vessels on the beaches of India, Bangladesh and Pakistan.
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