#OECD

  • English Version In October we had the pleasure to host at our Re-think Circular Economy Forum Oriana Romano, Head of the Water Governance and Circular Economy Unit at OECD. In this occasion, Oriano Romano shared with us the Circular Economy in Cities and Regions Synthesis Report published by the OECD. This report comes as the result of two years of work, during which the OECD carried out a survey across more than 50 cities and regions, interviewed more than 300 stakeholders, and analyzed 6 case-study from Europe. The report shows the state of the art of circular economy related initiatives in cities and regions, the obstacles that we currently face, and a series of ways forward. Oriana Romano shared with us the five key messages of the report. The Circular Economy is about economy. While the narrative that portrays the Circular Economy as an instrument to tackle climate change has been predominant, there is a strong socio-economic argument in favor of moving towards a more circular system. By 2050, the global population will reach 9 billion people, 55% of which will be urban, global material use will double, compared to 2011, with consequences on GHG emissions. The Circular Economy can bring benefits in terms of production savings (estimated at EUR 600 billion in the EU-27 by 2030). There is a possibility of creating job opportunities, as activities like repairing, upgrading, and remanufacturing are more labor intensive than mining and manufacturing. The Circular Economy can also have a positive impact on economic growth and material saving. This is what cities are considering when embarking in this transition. Secondly, the Circular Economy is not a new concept, but it is incipient for several cities. While the economic literature first developed the concept of Circular Economy in the seventies, its application on the...
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