ADBI’s new report assesses Asia’s circular economy future

A new report by the Asian Development Bank Institute (ADBI) and the Finnish Innovation Fund Sitra examines Asia’s potential to phase out resource-intensive consumption and transition to a climate-friendly and sustainable circular economy.

Hand holding a mobile phone scrolling the ADBI report. — Image: Tuula Sjöstedt, Sitra

Writer

Tuula Sjöstedt

Communications and Public Affairs Lead

Published

March 1, 2022

Prospects for Transitioning from a Linear to Circular Economy in Developing Asia describes the circular economy principles for maximising resource efficiency while minimising carbon emissions and environmental degradation, as well as their importance as the region’s population and consumption grow.

The report also describes the challenges to integrating circularity in the region’s markets, how breakthroughs could reinvigorate economies and mitigate climate change and environmental risks, and viable policy options for incentivising and strengthening circular business models.

The report was edited by ADBI’s Derek M. Hondo and Linda Arthur together with Maria Hughes and Reetta Kohonen from Sitra. The editors and a panel of contributors to the report highlighted the report’s key results during a World Circular Economy Forum side event on 1 March.