The report "Resource Efficiency: Economics and Outlook for Asia and the Pacific (REEO)" is the result of a unique collaboration between four leading regional institutes. The main author is the Australian research organisation CSIRO (Commonwealth Scientific and Industrial Research Organisation) and the contributors include the Institute for Global Environmental Strategies (IGES) in Japan, the Chinese Academy of Sciences (CAS) and The Energy and Resources Institute (TERI) in India. The REEO project was initiated by UNEP and the report was launched on 20 September 2011 at the World Resources Forum in Davos, Switzerland. IGES is announcing key messages based on the REEO report, which establishes for the first time this kind of data and analysis in the Asia Pacific Region.
- Current trends in resource consumption are unsustainable; a business-as-usual approach would see resource consumption in the region triple by 2050. The challenge for public policy is to achieve a sustainable transition, enabled by resource efficiency and systems innovation. What is required is a new ‘industrial revolution’ that provides food, housing, mobility, energy and water with only about 20% of the per-capita resource use and emissions found in current systems.
- Even with considerable improvements in resource efficiency, including 50% improvements in energy and material efficiency in all major sectors by the year 2040, the consumption of resources and the generation of waste and pollutants may still continue to increase.
- The study recommends countries to set absolute targets and caps for consumption of key natural resources, and it stresses the urgent need for major investments and infrastructure development.