China-EU agreement paves way for global adoption of circular economy

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China and the European Union (EU), world leaders in circular economy policy

16 JULY 2018

Source: Ellen MacArthur Foundation

Themes: Circular Economy Policy

China and the European Union (EU), world leaders in circular economy policy, sign a Memorandum of Understanding on Circular Economy Cooperation at the 20th EU-China Summit in Beijing on 16th July
Transition to a circular economy in the world’s two largest economies could accelerate adoption of circular economy practices at a global scale, creating potential for a ‘system shift’ towards a low carbon, regenerative economy
New analysis from the Ellen MacArthur Foundation finds that transition to a circular economy in China’s cities could make goods and services more affordable for citizens, and reduce impacts normally associated with middle class lifestyles, such as traffic congestion and air pollution. Earlier research found that Europe could, by 2030, add €0.9 trillion to its GDP by moving to a circular economy, while halving its CO2 emissions

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