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Article date
01 February 2022
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Here's how we can double the size of the circular economy in ten years

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The production and consumption of goods is a root cause of climate change and biodiversity loss. It is imperative that we transition to a circular economy quickly where businesses, countries, and cities need to commit to take action toward doubling circularity by 2032.

Systemic change is possible. Successful circular models are operating in many different sectors and locations across the world. We need to accelerate action and work together to scale up the change across businesses, governments and civil society. That’s why under our new strategy, PACE and its board members call for a global commitment to double circularity every ten years, working towards climate-neutral and inclusive economies.

As businesses, countries and cities rally behind this shared goal, public and private sectors can collaborate on a collective agenda to accelerate progress towards a circular economy, measured via the Circularity Gap Report. For businesses this means setting strategic circular ambitions and adopting relevant metrics to measure progress. 

We call for more businesses, countries, and cities to commit to take action toward doubling circularity in the next ten years. This will bring more sustainable consumption and production into the mainstream, and initiate and drive the change needed in policy, practice, and behaviors. Leaders will be joining a growing movement of organizations and companies who are already putting circularity into action with new business models, eco-centric design methods, supplier engagement programs and recycling. This goal not only looks at action and resource efficiency in the short-term but provides us with a long-term strategy to tackle climate and biodiversity crises.

Read more on why we need to double circularity and how we can do so in the next ten years.