Circular Economy takes hold in Latin America

On February 24, 2022, the Latin America and the Caribbean Circular Economy Coalition launched a document envisioning a stronger Circular Economy vision for the region. It intends to inspire governments, stakeholders, and initiatives towards a common goal of sustainable economic development based on circularity.

The Circular Economy in Latin America and the Caribbean: a shared vision considers the regional characteristics when proposing transitional activities from linear economy to a circular one. The initiative is spurred on by the growing global drive to pursue long-term economic prosperity.

Just after a year of its launch (February 2021), the Latin America and the Caribbean Circular Economy Coalition has brought together dozens of government officials, representatives from relevant international institutions, businesses, and academia to accelerate the transition to a circular economy and imagine the future of the region based on a circular economy functioning at scale.

The document is believed to facilitate dialogue, engagement, and exchange, resulting in

·       alignment of policies from developing common standards to developing international policies such as trade and in turn enhance development opportunities

·       interoperability of policy and business schemes, for example by aligning on collection and sorting schemes to sharing a classification or taxonomy scheme.

·       help nurture an inclusive and just transition within countries and regions, for example through the exchange of best practice and understanding of investment needs.

The document is available in English, Spanish, and Portuguese.