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Labour has announced its goal of achieving a zero-waste economy by the year 2050.
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Labour has announced its goal of achieving a zero-waste economy by the year 2050.

The shadow environment secretary has stated that a Labour government has a goal of achieving a zero-waste economy by 2050.

At the Restitch conference in Coventry, hosted by think tank Create Streets, Steve Reed shared that the measure proposed would not only lead to billions of pounds in savings, but also safeguard the environment from harmful activities such as mining.

The Labour party is currently working on its plan for promoting green revitalization, and Reed mentioned that a zero-waste economy would be included.

Reworded: This would result in a significant decrease in the waste sent to landfills, with reusable materials like plastic, glass, and minerals being salvaged and repurposed. This would also lead to cost savings for businesses as they would not need to purchase, import, or produce new raw materials.

According to Reed, the Conservative government promised this in 2011 but has not made significant strides towards it: “While they did release a strategy, they did not make much effort to implement it.”

According to Reed, a zero-waste economy is possible and other countries of similar size, such as the Netherlands and Belgium, have set the goal to become zero-waste by 2050. He also stated that this goal has significant economic advantages, with analysis showing a potential boost of £70bn to the economy. Reed believes the UK should aim to achieve a similar objective.

According to him, the measure does not entail significant public investment as the government can collaborate with businesses, who would in turn gain access to more affordable materials for their products.

Reed described the measure as having numerous benefits.

Enacting regulations can provide businesses with the assurance to invest in their infrastructure, enabling them to reuse materials instead of constantly mining and using new ones. This would not only reduce emissions, but also enhance supply chain stability and decrease expenses for the UK economy, ultimately leading to increased productivity.

Source: theguardian.com