'As COVID-19 has disrupted lives and economies in an unprecedented manner, societies across the globe are grappling with an immediate need to protect lives and livelihoods, challenging the urgency of the climate agenda. Yet at the same time, some have argued that the pandemic shows how the climate change crisis might affect the global economy. Luiz Awazu Pereira da Silva, deputy general manager of the Bank for International Settlements, has said that the pandemic has intensified the need for policy-makers to co-operate on building more holistic approaches to identifying and managing global risks.' 'A circular economy approach could reduce emissions from the production of key materials by 40% in 2050.'