REMADE Releases Impact Report, Highlighting Leading Role in Circular Economy
ROCHESTER, N.Y. — March 4, 2021 — The REMADE Institute, a public-private partnership established by the United States Department of Energy and the first institute in the U.S. dedicated to accelerating the nation’s transition to a Circular Economy, today released its 2020 Impact Report. The report shows how the institute’s research projects are reducing embodied energy consumption, decreasing greenhouse gas emissions, creating jobs, generating business opportunities, and increasing the U.S.’s manufacturing competitiveness.
“REMADE’s work is moving the U.S. closer to the nation’s energy conservation and emissions reduction targets, both of which have received national attention in recent weeks,” said Nabil Nasr, CEO of REMADE. “Our experts are working every day to accelerate the U.S.’s transition to a Circular Economy.”
Efforts are ongoing worldwide to move from today’s linear economy, where we take-make-dispose, to a Circular Economy, where we make-use-recycle. Reducing energy consumption and decreasing GHG emissions are major components of that transformation.
The impact report states that, over a five-year period, REMADE’s work is projected to enable:
saving 1 quad of energy, which equates to the electrical use by all U.S. households per year
reducing 50 million metric tons per year of greenhouse gas emissions, which equates to the combined emissions of approximately 3.2 million people in the U.S.
creating up to 700,000 direct and indirect jobs to increase the nation’s competitiveness
generating up to $50 billion in new business opportunities
The report also highlights REMADE’s work in all areas of the Circular Economy and measures the institute’s impacts in key sectors, including films and flexibles, paper and cardboard recycling, electronic waste, and heavy-duty equipment remanufacturing.