Humans have been using finite resources in a non-sustainable way and causing environmental harm for years. Now, governments are studying the circular economy model–where resources are reused, recycled, and repurposed to reduce waste–as a strategy to reverse these trends.
However, transitioning to a circular economy is not easy. It requires substantial coordination between government entities, private businesses, and other stakeholders, as well as the right incentives to modify behavior. The UN is helping this shift, including by connecting developed countries, developing countries, and countries in economic transition.
In preparation for the Circular STEP regional policy dialogue (18-19 October, Belgrade, Serbia), UNECE has released a study that identifies best practices to create an institutional structure to advance circular models and offer stakeholders a common language for mutual understanding. The study outlines roles for different actors and describes possibilities for increasing institutional ties and cooperation to implement a circular economy through various policy interventions and arrangements at the national, regional, and municipal levels. It also emphasizes the importance of setting SMART goals. This comprehensive guide has the potential to guide countries, regardless of their current stage in the circular economy transition, towards a more sustainable future. The study’s main point is clear: a truly circular economy necessitates regular consultation to make sure the right policy mix of regulations and incentives is in place.
This study is part of the Circular STEP series, which provides governments with successful case studies and good practices. It explores the essential institutional change that can contribute to a smoother implementation of circular transitions, as discussed in various sector-specific policy briefs featured in the current series of Circular STEP publications.
The Circular STEP stakeholder engagement platform is aiding in peer learning, experience sharing, and highlighting the essential role of governments in leading by example. The most recent Circular STEP publication on “Mobilizing Financing for the Circular Economy” proposes potential institutional reforms for policymakers in the field of financing to promote the circular economy transition.