A 1.5°C World Requires a Circular and Low Carbon Economy

There is an urgent need to take a more comprehensive approach for the transition to a low carbon economy if the world is to achieve carbon neutrality by 2050. Broad multi-stakeholder collaboration is needed to create the integrated policies required for this deep transformation of our societies and economies. The necessary policies must be designed holistically to include vulnerable communities and all segments of the population, implying socio-economic planning integrated with environmental and resource efficiency measures. Making our economies more circular is essential, not only to integrating economic, social and environmental objectives, but also to grasping the potential for substantial and accelerated reductions in GHG emissions across all sectors. Changes in production methods, product durability, reuse, recycling, more informed consumer choice and behavioural change need to be deeply embedded in economic and development policy frameworks. By ensuring that circular economy approaches are part of countries’ Nationally Determined Contributions (NDCs) - we can harness the huge potential that more efficient and cleaner use of resources has to deliver greenhouse gas (GHG) emission reductions and additional benefits that efficiency and circularity provide. These benefits can include creating new jobs at local and national levels by linking production more closely with consumption, expanding recycling, refurbishment and re-manufacturing and creating new enterprises based on recovered waste streams.

Report Cover