Smarter use of resources can add $2tn by 2050

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UNB, Dhaka :
Smarter and more efficient use of the world’s natural resources today means the next generation will reap annual economic benefits of $2 trillion by 2050, while offsetting the costs of ambitious climate change action, new research released by the International Resource Panel shows.
The global population is set to grow by 28 per cent
and is predicted to use 71 per cent more resources per capita by 2050. Without urgent steps to increase efficiency, the global use of metals, biomass, minerals such as sand, and other materials, will increase from 85 to 186 billion tonnes per year by 2050, according to a message received here. The report, Resource Efficiency: Potential and Economic Implications, released at the G20 meeting in Berlin Thursday, found that while investment in ambitious climate action would cause a 3.7 per cent fall in per capita Gross World Product by 2050, this cost to the economy could be offset by more efficient use of resources. For example, between 2005 and 2010, a UK programme recycled or reused seven million tonnes of trash destined for the landfill. This move saved six million tonnes of carbon dioxide emissions, close to 10 million tonnes of virgin materials and 10 million tonnes of water.
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