New Report Assesses Asia’s Circular Economy Feasibility as Unsustainable Consumption Rises

ADBI News Release | 24 February 2022

Tokyo, Japan – A new Asian Development Bank Institute (ADBI)-Finnish Innovation Fund Sitra report examines Asia’s potential to phase out resource-intensive consumption in favor of a climate-friendly and sustainable circular economy, to be discussed by the authors during a launch webinar on 1 March.

Prospects for Transitioning from a Linear to Circular Economy in Developing Asia details circular economy principles for maximizing resource efficiency while minimizing carbon emissions and environmental degradation, and their importance as the region’s population and consumption grow.

The report also describes the challenges to integrating circularity in the region’s markets, how breakthroughs could reinvigorate economies and mitigate climate change and environmental risks, and viable policy options for incentivizing and strengthening circular business models.

The editors and a panel of contributors to Prospects for Transitioning from a Linear to Circular Economy in Developing Asia will highlight the report’s key takeaways and answer audience questions during the launch webinar, a World Circular Economy Forum side event.