"Time and time again, Western countries move too slowly on projects to secure their supply chains off critical raw materials. US-initiated projects take twice as long to come to fruition as China-initiated ones." Emily Barran at #WCEF2024 . #CircularEconomy#security
"The economics of linearity makes circular economy models less profitable. Hence, private finance does not flow to the circular economy." The World Bank's Andrea Liverani tells like it is at #WCEF2024. Subsidies to raw material extraction (1.6 trillion a year) are not matched by subsidies to material re-use, and that makes it hard for circular model to compete with linear ones.