The Socioeconomic Impact of Circularity in Developing Countries
The circular economy is critical to ensuring green and just socioeconomic outcomes through decoupling economic growth from increased resource use. The transition to a green and circular economy is driven by multiple environmental, demographic, technological, fiscal, and financial transitions occurring in different sectors and geographies — with the circular economy playing a pivotal role because of its potential “triple positive impact” on economic growth as well as environmental and societal outcomes. This post introduces NICE, a novel tool built on granular firm-level data and input-output modelling, to assess the economic, social, and environmental impact of the circular economy.
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