Today’s linear economy is not compatible with the earth’s finite resources, climate change and fast growing populations. The Circular Economy strives for a world without waste – and with the recycling of resources wherever possible.
Several countries, international corporations, medium-sized companies and a rapidly growing number of start-ups are working on new business models along the way to support the change.
In developing and emerging countries with billions of underserved people, the circular economy is the most promising way to faster, sustainable and higher living standards and quality of life. Only a few think tanks, development economists and institutions of international development cooperation have recognized this so far. Urgently required are new concepts, business models, regulations and laws. International cooperation efforts and investments in companies and societies of emerging economies must change and increase to help develop emerging circular economies.