A vehicle for de-coupling economic growth from the ecological impact of natural resource consumption and a means to implement the SDGs and the Paris Agreement on climate change.
2 November 2018
Anne van Riel
Research from Accenture suggests the rise of the circular economy will unlock $4.5 trillion in new economic growth by 2030. But for this bounty to be released, businesses, banks and governments must collaborate to encourage and enable a change in mindset to embrace new business and finance models. Just as the first industrial revolution transformed the way we live, work and interact, the transition from a linear to a circular economy presents a similar seismic shift — with immense benefits, and challenges, along the way.
30 October 2018
LYNN WAGNER, PH.D. Group Director, SDG Knowledge, IISD
The second World Circular Economy Forum 2018 (WCEF2018) called for action across all countries and regions, highlighting that a circular economy is good for business, trade and job creation, but the world lacks a shared circular economy vision, and noted an urgent need for stronger leadership and international collaboration.
24 October 2018
At the 2nd World Circular Economy Forum, held in Yokohama, Japan from 22-24 October this year, Japan’s State Minister of the Environment, Tsukasa Akimoto, pledged that Japan will advance the circular economy when the world’s third biggest economy takes up the presidency of the group of 20 countries (G20) in 2019.
When speaking to the international media at the forum, Finland’s Minister of the Environment Kimmo Tiilikainen stressed that Finland’s EU- and Japan’s G20-presidency in 2019 will be a fantastic opportunity to promote the solutions of circular economy and to fight environmental collapse and climate change. On Monday 22 October Japan’s Minister of the Environment Yoshiaki Harada and Minister Tiilikainen signed the Memorandum of Environmental Cooperation, which will pave the way for more intensive cooperation between universities, research institutions and companies.
The Ministry of the Environment of Japan and Sitra are proud to host the 2nd World Circular Economy Forum in Yokohama, Japan on 22-24 October 2018. WCEF will present the world’s best circular economy solutions and will bring together 1,000 key thinkers and doers from around the world. Open the WCEF Programme and follow the forum live on 22-23 October.
The World Economic Forum (WEF), European Union (EU) and United Nations (UN) are all driving circular economy initiatives.
As part of its continuous effort to transform Europe's economy into a more sustainable one and to implement the ambitious Circular Economy Action Plan, in January 2018 the European Commission adopted a new set of measures, including:
- A Europe-wide EU Strategy for Plastics in the Circular Economy and annex to transform the way plastics and plastics products are designed, produced, used and recycled. By 2030, all plastics packaging should be recyclable. The Strategy also highlights the need for specific measures, possibly a legislative instrument, to reduce the impact of single-use plastics, particularly in our seas and oceans. A public consultation is open until 12th February. To reduce the leakage of plastics into the environment, the Commission has adopted a new proposal on Port Reception Facilities, to tackle sea-based marine litter and published a report on the impact of the use of oxo-degradable plastic, including oxo-degradable plastic carrier bags, on the environment.
- A Communication on options to address the interface between chemical, product and waste legislation that assesses how the rules on waste, products and chemicals relate to each other.
- A Monitoring Framework on progress towards a circular economy at EU and national level. It is composed of a set of ten key indicators which cover each phase – i.e. production, consumption, waste management and secondary raw materials – as well as economic aspects – investments and jobs - and innovation.
- A Report on Critical Raw Materials and the circular economy that highlights the potential to make the use of the 27 critical materials in our economy more circular.