WRAP has released advice on building a stronger economy post COVID, harnessing the circular economy, which has the potential to create up to half a million new jobs.
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Living within the means of the Earth's resources is a global concern, leading to a focus on the circular economy, reducing the reliance on virgin raw materials. A study by the European Commission quantifies the amount of material that is not being recycled but could be — known as the ‘Circularity Gap’.
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A global economic value of US$6 trillion (£5 trillion) has been attributed to the mental health benefits of the natural environment, adding to the value arising from ecosystem services and tourism. Poor psychological health has an enormous economic cost, and positive mental health contributes to a stronger economy.
Protected natural areas are under increasing pressure from political and economic factors, and climate change. An Australian study has calculated the economic value of natural areas in terms of mental health.
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https://ec.europa.eu/newsroom/dae/document.cfm?action=display&doc_id=68053
https://www.nature.com/articles/s41467-019-12631-6