In developing Asia, consumption trends will continue to rise as populations and economies grow. Shifting from the current take-make-dispose linear consumption pattern to a more circular economy provides an opportunity for governments to rewrite the narrative by decoupling economic output from increased resource use and environmental degradation.
This report provides an overview of the circular economy and includes crucial discussions on regulatory and legal frameworks, regional and country policies, opportunities for the private sector, financing schemes, and innovative models that could help the transition from a linear to circular economy. The report will help guide governments in designing effective policies to support the transition to a circular economy.
Part I describes the evolution of circular economy in the region and highlights key related initiatives and prospects for future growth. Part II looks at the regulatory and legal frameworks for plastics, such as extended producer responsibility, and assesses their adequacy to stem unsustainable production and minimize the disposal of plastic waste. Part III offers examples of circular economy investment and innovation and calls for effective policies to incentivize and strengthen circular business models.