The circular economy offers great potential
The circular economy has the potential to substantially increase GDP and household income, while reducing CO2 emissions, by avoiding waste and increasing productivity at home, in the office and for industry.
The opportunities from the circular economy are clear, but harnessing them is more difficult. It requires innovation by businesses, policymakers and households. Policy must be developed in consultation with stakeholders if unintended consequences are to be avoided and the full potential of the circular economy is to be realised.
Source: OECD, own calculations; McKinsey