Invest
How CSIRO plans to turn landfills into a billion-dollar industry, tripling jobs
Invest
How CSIRO plans to turn landfills into a billion-dollar industry, tripling jobs
Australia’s national science agency is saving plastics, glass, paper and tyres from landfills and turning them into a billion-dollar industry that is set to triple in job creation, an official statement has revealed.
How CSIRO plans to turn landfills into a billion-dollar industry, tripling jobs
Australia’s national science agency is saving plastics, glass, paper and tyres from landfills and turning them into a billion-dollar industry that is set to triple in job creation, an official statement has revealed.
Under the National Circular Economy Roadmap, CSIRO plans to transform the Australian economy into a “circular economy”, which would manage, reuse and recycle waste, turning landfills into economic benefits.
The proposal could more than triple job creation from resource recovery in Australia, where the recycling sector currently generates 9.2 jobs per 10,000 tonnes of waste, compared with only 2.8 jobs for the same amount of waste sent to landfills.
In a statement issued this week, CSIRO state Australia would only need a recovery rate of 5 per cent, to add an additional estimated $1 billion to GDP, while lowering emissions by 27 per cent.
CSIRO chief executive Dr Larry Marshall believes science and technology can drive Australia’s next wave of economic opportunities.
“Australia is among the world’s best in advanced manufacturing and environmental research, and that unique science can turn industry and environment into partners by making sustainability profitable,” Dr Marshall said.
“Science can transform our economy into a circular one that renews and reuses what we previously discarded, and indeed a virtuous circle that creates higher paid jobs, advances new Australian technology, and protects our environment.”
Hidden gems in Australia’s waste
According to CSIRO, Australian consumers' and businesses’ lack of awareness and understanding about transitioning to a circular economy is costing the country billions.
As it currently stands, Australia loses out on $419 million every year by not recycling PET and HDPE plastics properly.
Broken down, the cost of sending paper fibres to landfills generates a $115 million waste, while littering is costing $70 million a year to clean up. Australia is also flushing away billions each year by sending lithium from batteries to landfills, which CSIRO plans to turn into a $2.5 billion opportunity by 2036.
According to the roadmap and partnering industries, CSIRO can create an economy that renews and reuses these products, creating higher-paying jobs, bringing forward new technology and protecting the environment in the process.
“We’re on a mission to make it real. The practical path laid out in this roadmap is part of CSIRO’s mission-led focus on using science to solve our greatest challenges while driving our economic recovery and building future resilience.”
Project leader Dr Heinz Schandl said the roadmap was created to shape a circular economy strategy for Australia to address fundamental environmental issues and foster regional employment.
“Our traditional ‘take, make, dispose’ consumption pattern is hitting two walls: ever more expensive primary materials and ever more unacceptable ways of dealing with waste,” Dr Schandl said.
“The global pandemic has disrupted global supply chains, which challenges Australia to be self-sufficient with sovereign manufacturing capability.”
The roadmap identifies six elements for moving towards a circular economy of plastics, paper, glass and tyres:
- Retain material through use and collection
- Upscale and innovate recycling technologies
- Innovate and collaborate in design and manufacture
- Develop markets for secondary materials and the products that use them
- Streamline nationally consistent governance
- Secure a national zero waste culture.
RELATED ARTICLES
About the author
About the author
Economy
Economist calls for July RBA rate cut following inflation data
An economist from State Street Global Advisors has called for the Reserve Bank of Australia to cut interest rates in July following today's Consumer Price Index data for June. Read more
Economy
GDP data prompts economist to predict faster RBA rate cuts
Australia's latest GDP growth data has come in significantly below expectations, prompting an economist to suggest the Reserve Bank may need to ease monetary policy more aggressively. Read more
Economy
Global markets face turbulent start amid tariff concerns, but outlook remains cautious
Global equity and bond markets have experienced a turbulent start to 2025, primarily due to concerns that a potential tariff-driven trade war could heighten inflation and recession risks. Read more
Economy
RBA may cut rates faster if GDP data disappoints, economists say
The Reserve Bank of Australia may cut interest rates more quickly if next week's GDP data disappoints, economists said following today's consumer price index data for May. Read more
Economy
RBA delivers widely expected rate cut as inflation optimism balances global uncertainty
The Reserve Bank of Australia has cut the cash rate by 25 basis points, delivering on widespread market expectations while signalling a clearer directional shift towards less restrictive monetary ...Read more
Economy
Economist warns strong jobs data may delay further RBA rate cuts
Strong employment growth in April has put expectations for multiple interest rate cuts at risk, though upcoming economic data may clarify the need for lower rates, according to State Street Global ...Read more
Economy
Australian inflation continues downward trend, nearing RBA target
The Australian Bureau of Statistics (ABS) has reported that the Consumer Price Index (CPI) rose 2.7 per cent in the year to August, down from 3.5 per cent in July and 3.8 per cent in June. Read more
Economy
UK markets poised for gains after election, global geopolitical risks remain
Chris Iggo, Chief Investment Officer at AXA Investment Managers, has provided an optimistic outlook for UK markets following the recent general election, while cautioning about ongoing global ...Read more
Economy
Economist calls for July RBA rate cut following inflation data
An economist from State Street Global Advisors has called for the Reserve Bank of Australia to cut interest rates in July following today's Consumer Price Index data for June. Read more
Economy
GDP data prompts economist to predict faster RBA rate cuts
Australia's latest GDP growth data has come in significantly below expectations, prompting an economist to suggest the Reserve Bank may need to ease monetary policy more aggressively. Read more
Economy
Global markets face turbulent start amid tariff concerns, but outlook remains cautious
Global equity and bond markets have experienced a turbulent start to 2025, primarily due to concerns that a potential tariff-driven trade war could heighten inflation and recession risks. Read more
Economy
RBA may cut rates faster if GDP data disappoints, economists say
The Reserve Bank of Australia may cut interest rates more quickly if next week's GDP data disappoints, economists said following today's consumer price index data for May. Read more
Economy
RBA delivers widely expected rate cut as inflation optimism balances global uncertainty
The Reserve Bank of Australia has cut the cash rate by 25 basis points, delivering on widespread market expectations while signalling a clearer directional shift towards less restrictive monetary ...Read more
Economy
Economist warns strong jobs data may delay further RBA rate cuts
Strong employment growth in April has put expectations for multiple interest rate cuts at risk, though upcoming economic data may clarify the need for lower rates, according to State Street Global ...Read more
Economy
Australian inflation continues downward trend, nearing RBA target
The Australian Bureau of Statistics (ABS) has reported that the Consumer Price Index (CPI) rose 2.7 per cent in the year to August, down from 3.5 per cent in July and 3.8 per cent in June. Read more
Economy
UK markets poised for gains after election, global geopolitical risks remain
Chris Iggo, Chief Investment Officer at AXA Investment Managers, has provided an optimistic outlook for UK markets following the recent general election, while cautioning about ongoing global ...Read more
