Labour Party aims for a waste-free economy by 2050
UK: The shadow environment minister has stated that a Labour government will seek to achieve a zero-waste economy by 2050.
According to Steve Reed, the action will shield the environment from mining and other harmful activities while also saving billions of pounds. He was giving a speech at the Create Streets think tank’s Restitch conference in Coventry.
A zero-waste economy is part of the green rebirth plan that Labour is finalising, according to Reed.
Businesses would save money as a result of not having to purchase, import, or produce raw materials since there would be a significant decrease in the quantity of garbage that ends up in landfills and a significant increase in the reuse of valuable raw materials like plastic, glass, and minerals.
Reed stated that although the Conservative government had promised to follow through on this commitment in 2011, not much had been accomplished: “The government published a strategy, but they failed to do very much with it.”
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Reed stated that other similar nations were striving for a zero-waste economy by 2050 and that it was attainable: “Several other nations, including Belgium and the Netherlands, who are smaller than us but comparable in many ways, have set goals to achieve zero-waste economies by 2050, which will have enormous economic advantages. According to the analysis I’ve read, it boosts the GDP by £70 billion. The UK should “set ourselves an objective like that,” he continued.
According to Reed, the proposal offers “benefit after benefit after benefit.”
“Investing in facilities and reusing materials instead of mining and utilizing new materials would made possible by regulation.” We would reduce input prices for the UK economy, enhance supply chain security, and cut emissions—all of which would increase productivity.
