Ellen MacArthur Foundation discusses the circular economy opportunity for urban and industrial innovation in China

The circular economy opportunity for urban and industrial innovation in China is the title of a new report by the Ellen MacArthur Foundation, which aims to show that the application of circular economy principles in Chinese cities could make goods and services more affordable for citizens while making cities more habitable. Among other things, according to the report, greenhouse gas emissions could be reduced by 23 per cent and traffic congestion by 47 per cent by 2040.
The analysis, which identifies opportunities in five focus areas (built environment, mobility, nutrition, textiles and electronics), shows that the application of circular economy principles to scale could save businesses and households 16% of China’s projected GDP by 2040.
Report Authors
The report was presented this September at the Annual Meeting of New Leaders of the World Economic Forum in Tianjin, China. It has been published by the Ellen MacArthur Foundation, in association with Arup and McKinsey & Company, with the support of UNCTAD and funded by the MAVA Foundation, with contributions from public institutions, academics and business circles in China.
One of the main conclusions of the report is that with the backing of the country’s leadership in circular economy policies, continued urbanization, development of digital technologies and a boom in asset exchange platforms, China’s cities are well positioned to become benchmarks for successful internationally recognized circular economy transitions.
In addition to Chinese, the report of the Ellen MacArthur Foundation is available in English in this link: https://www.ellenmacarthurfoundation.org/assets/downloads/The-circular-economy-opportunity-for-urban-industrial-innovation-in-China_19-9-18_1.pdf

Source: Construible