Putting GCC cities in the loop: Sustainable growth in a circular economy
While GCC countries have started to explore sustainable solutions, reversing the current pattern of development requires a holistic approach. The region must therefore adopt the concept of the circular economy.
The Ideation Center, the leading think tank for Strategy& Middle East, has defined a circular economy framework, governed by three principles: optimizing the consumption of finite resources, maximizing product utilization, and recovering by-products and waste. The circular journey should start with cities, and can save almost US$138 billion by 2030, corresponding to nearly 1 percent of the region’s cumulative GDP between 2020 and 2030. It can also reduce emissions by 150 million tons, virtually the total CO2 emissions of the Netherlands in 2015.
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