We are working with key public sector institutions and private sector firms in the region in supporting transition to the circular economy. We support in policy guidance, assessments, and knowledge building and products dissemination platforms to key stakeholders to enable the transition to the circular economy.
Circular economy transition is critical in making strides in sustainable waste and resource management in Asia and the Pacific Region. Fundamentally, the circular economy is regenerative, waste & pollution free by design, creating and retaining maximum value of products and services in a loop by ensuring products and materials are kept in circulation for as long as possible.
Current production and consumption systems are dominated by linear material and energy flows where many products. Circular economy means moving from the linear economic model to one that mimics natural ecosystems by closing the cycles of energy and material resource flows.
Essentially the circular economy requires a structural system change throughout the value chain that enhances multiple value creation mechanisms, which are decoupled from the consumption of finite resources. This means from innovation, product design and production processes all the way to end of life, new business models and consumption patterns must be shifted from the unsustainable linear “take-make-and dispose model” to a “closed loop” system.
A range of strategic actions from both policy makers, companies and organisations are neccessary to driive the transition to circular econmy.Firms may also contribute to the transformation is to develop circular business models themselves. In such models, value is created, delivered and captured.
To accelerate the transition to a circular economy, we engage with decision makers from government, businesses to provide support, insights & analysis, learning platforms, networks, and collaborative circular business opportunities.