Social and Economic Benefits

A 2019 report commissioned by Environment and Climate Change Canada found that in just six circular industrial sectors in Canada, 371,000 – 379,000 jobs had been created while 1.6 million tonnes of CO2e annual emissions were avoided. Even with limited data, these sectors saved 470,000 tonnes of material from the landfill!

The value retention processing market (VRP; i.e. reuse, repair, refurbishment) of the six circular industrial sectors generated approximately CAD $44 billion in 2019.

In 2017, Canada’s industrial sector accounted for 70 million tonnes of CO2 emitted, while the country’s entire economy generated 720 million tonnes of CO2. The estimated 1.6 million tonnes of CO2e reduced in the six sectors studied in 2019 demonstrated, even at the study’s conservative lower estimate, circular economy jobs and innovations were significant.

Now, imagine if all industrial sectors across the country adopted circular approaches!

Top text "Social and economic benefits of the circular economy" with the circular Economy Month logo to the right of the text. Below text are four light blue squares with images in each square. First blue square image of a blue person climbing a bar graph with dollar symbol in hand with text "Investing in people". Second blue square of a blue person standing with 3 white blocks with check marks on the blocks stacked on top of each other with text "Skills creation". Third blue box image of three people of different colors, one blue, one green, one light blue with text "Diversity". Fourth blue square image of land in light green with two trees by water. Bottom four peach colored squares with images. First peach square image of a upside down tear shape in green with a pink circle in the middle and a squiggly line arrow pointing to the pink circle and a yellow check mark in the pink circle with text "Grow local economies". Second peach square image of the red and white Canada flag next to a grey factory with two smoke stacks with smoke coming out with text "Local Manufacturing Base". Third peach square image of a grey briefcase with green leaf on it with text "Job creation". Fourth peach square with image of yellow lightbulb on top of green sprout coming out of the ground with text "Innovation.