Circular Economy 4 Sustainable Development stands for the further development of the global economy and society:
Future generations must be able to live from the resources of our earth.
In Industrialized Countries
Initiatives for the change to a circular economy are increasing. The World Economic Forum and the Ellen MacArthur Foundation are the most prominent pioneers. Finland is so far the only country to progressively implement a Circular Economy Roadmap for its economy.
Progressive cities like Amsterdam are following CE concepts. With the “Green Deal”, the EU Commission is pointing the way to the Circular Economy in many sectors. Blackrock did already set up the first Circular Economy Fund with an investment amount of € 900 million.
In Emerging Economies
Emerging economies in developing countries will follow different paths sustainable development in their growth. First funds such as “Equity for Africa” have been established to support leasing as a business model facilitating a circular economy. The German waste management industry takes a first step with the founding of the CE4Africa association. International development cooperation is slowly beginning to understand the potential for value creation, employment and fast, sustainable economic growth. The Kreditanstalt für Wiederaufbau (KfW), for example, points to the potential of innovative approaches.