Why we need a circular economy

Around the world, more and more people consume more and more resources. Raw materials are becoming scarcer and waste volumes are constantly on the rise.

The UN has warned that annual global resource consumption will double by 2060 and that greenhouse gas emissions will continue to rise dramatically. At the same time, the World Bank estimates that global annual municipal waste will have risen by 70 per cent by 2050.

A circular economy is considered as the solution to the global waste problem, it helps reduce resource consumption and carbon emissions. But what exactly is circular economy, and how can it be achieved? Our film gives some answers.

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About KfW

Since its founding in 1948, KfW has been encouraging forward-looking ideas in Germany and throughout the world, in line with its statutory mission. As a bank committed to responsibility, KfW supports sustainable change in the economy, ecology and society. KfW supports people, countries and institutions who think ahead and drive our society forward.

Through its promotional activities in Germany, KfW is making substantial contributions to achieving economic, social and environmental impact. As Germany's largest promotional bank, KfW offers financial support for private individuals as well as for enterprises, cities, municipalities and non-profit and social organisations. In addition to domestic promotion, international export and project finance is also part of its tasks. The latter is managed by KfW subsidiary KfW IPEX-Bank. In development finance, KfW is supporting numerous projects in developing countries and emerging economies together with DEG. The aim is to foster economic and social progress, and to create jobs.

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