Faced with the challenges of climate change, environmental pollution and biodiversity loss, there is an urgent need to decouple economic growth from its negative impact on the environment. The circular economy is a concept designed to extend the lifecycle of products, minimize waste and pollution, and regenerate natural resources.
This policy paper outlines key recommendations for governments to support traceability and transparency within the circular economy.
It emphasizes the need for tailored policies, stakeholder engagement, adoption of international best practices, development of national strategies, creation of incentives, promotion of research and development, support for MSMEs and increased consumer awareness.