Sharing economy

DEFINITION: An economic system in which services and resources are shared, borrowed or rented, often through online transactions, in an effort to save money, reduce costs and cut waste. Prime business examples of the sharing economy include Airbnb, Zipcar and the Uber Pool car sharing scheme.

See also: Servitisation

See also: Circular economy

See also: Access economy

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According to a study by GM Insights, the global car-sharing market is expected to increase by one third annually between 2017 and 2034

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Uber will roll-out the Clean Air Fund next month with a £2m investment

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Millennials are 2.4 times as likely to shop for resale items because of the environmental impact of clothing

Carbon footprint of UK clothing on the rise, despite uptake in resales

The carbon footprint of clothing has climbed by 9% since 2012 in the UK, despite the amount of clothing in household residual waste falling by 50,000 tonnes in the same period, although changes to shopping habits could alleviate environmental pressures.

Around 2kg of carbon could be saved for every journey under three miles where a commuter has walked instead of taking a car

Businesses should target employee commutes to lower emissions, says Ecosurety

Office-based, service businesses looking to reduce emissions should target employee commutes ahead of other energy-saving programmes, resource efficiency specialists Ecosurety has claimed.