How the circular economy can revive the Sustainable Development Goals
Think tank: Chatham House
Author(s): Dr Patrick Schröder; Dr Jack Barrie
September 19, 2024
This report from UK think tank Chatham House explores how the circular economy could support each of the 17 SDGs.
With progress on the UN’s Sustainable Development Goals (SDGs) badly off track, international policymakers are scrambling for solutions that can both revitalize the current SDG agenda and drive more effective action on humanity’s big challenges in the future.
The ‘circular economy’ offers clear potential in this area. This wide-ranging concept, which involves making economies less wasteful and less resource-intensive while contributing to human development and well-being, could hold the key to accelerating SDG delivery. A more formal role within the SDGs and any emerging post-2030 successor regime would also provide a catalyst for expansion of the circular economy itself.
This paper explores how the circular economy could support each of the 17 SDGs, and argues for the concept to be put at the heart of emerging plans to drive sustainable development towards 2050. Doing so could help to foster resilient economies, reduce environmental impacts and ensure equitable resource distribution.
The paper identifies five priorities for action: embedding principles of justice and inclusivity into the circular transition; increasing international policy coordination; reforming the financial architecture to ensure the circular economy gets the investment it needs; rewiring the global system of trade to make it easier to trade circular products and services; and developing common standards and metrics.
