Circular economy

A circular economy (CE) sees products and materials recycled, repaired and reused, and waste from one industrial process becomes an input into another.

Circular economy (CE) is primarily understood as a waste management and recycling strategy, but economic opportunities are far broader and more diverse.

Developing countries are in a strong position to take advantage of these opportunities because many of their large informal sectors already practice ‘circular’ activities, especially in areas such as electronic waste (e-waste) and phone repairs.

By investing in a circular economy, developing countries can ‘leapfrog’ developed countries in digital and materials innovation to embed low-carbon development, sustainable production, and consumption at the heart of their economies. And innovation is already under way in several countries, as well as certain sectors such as agriculture.