China, the circular economy would save five trillion dollars

22/12/2018

 

As the Chinese economy grows, people consume much more

 

A circular economy would bring great benefits for China, which could see big improvements in air quality, carbon reduction and huge savings for businesses and households worth 32 trillion yuan ($ 5.1). trillion) by 2030, according to a recent report by the Ellen MacArthur Foundation.

In fact, as the Chinese economy grows, people consume much more. In urban areas, the amount of hope for each person has increased four times in real terms from 1995-2014 to about 17,000 yuan (US $ 2,700) per year. All of this will grow even more with rapid urbanization.

 

China needs to focus on change in three urban systems

 

Like other economies, China needs to ensure that people can enjoy higher standards of living, but without excessive carbon emissions. This means moving to a system that eliminates waste and pollution from product design, finding ways to use materials and products, such as automobiles, more intensively.

To do this, the report states that China must focus on change in three urban systems: the built environment, mobility and nutrition. To these must be added two industrial systems: textiles and electronics. This would reduce air pollution by miniscule particles by 10% and greenhouse gas emissions by 11% by 2030.

 

In recent years, the government has focused on environmental governance

 

China was one of the first countries to discuss a shift to a circular economy in 2002. However, rapid economic growth, a manufacturing economy and growing domestic consumption have led to serious environmental problems, not least air pollution. .

In recent years, the government has focused on solving these problems through stronger environmental governance and the application of the concept of “ecological civilization”.

For example, as part of the 13th Five-Year Plan (2016-2020), China has increased its share of renewable energy, also taking action to improve waste management by banning 24 categories of imports of foreign waste.

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