TF2 Climate Change, Sustainable Energy & Environment
LOCALISING THE CIRCULAR ECONOMY IMPERATIVE IN A POST COVID-19 ERA: PLACE, TRADE AND MULTILATERALISM

ABSTRACT

Resource extraction and consumption is projected to double by 2060. However, today only 8.6% of raw materials extracted are put back into circulation, which worsens pressure on ecosystems, intensifies pollution and waste issues, and accelerates climate change. The transition from a linear to a circular economy opens a pathway for a green, more sustainable and resource-conscious future. To this end, we recommend that the Group of Twenty (G20): (1) acknowledges the value of circular cities for the G20, (2) embeds circularity into multinational supply chains, (3) boosts circularity through digitalisation and (4) implements a just transition through context-sensitive, localised approaches.

AUTHORS

Venkatachalam Anbumozhi
Economic Research Institute for ASEAN and East Asia (ERIA)

Nicolas J.A. Buchoud
Grand Paris Alliance for Metropolitan Development

Alexander Charalambous
Living Prospects

Edoardo Croci
Bocconi University

Himani Jain
Council on Energy, Environment and Water (CEEW)

Martin Kochhan
German Corporation for International Cooperation GmbH (GIZ)

Hemant Mallya
Council on Energy, Environment and Water (CEEW)

Shuva Raha
Council on Energy, Environment and Water (CEEW)

Vanesa Rodriguez Osuna
German Corporation for International Cooperation
GmbH (GIZ)

Tetsushi Sonobe
Asian Development Bank Institute (ADBI)

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