Developing a Circular Economy in China : Highlights and Recommendations
China's rapid economic growth over the past decades has been accompanied by substantial depletion of natural resources, degradation of major ecosystems, and serious environmental pollution with adverse impacts on human health. China's gov...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2009/06/10818505/developing-circular-economy-china-highlights-recommendations http://hdl.handle.net/10986/18889 |
| Summary: | China's rapid economic growth over
the past decades has been accompanied by substantial
depletion of natural resources, degradation of major
ecosystems, and serious environmental pollution with adverse
impacts on human health. China's government fully
recognizes that such trends cannot continue indefinitely and
therefore is committed to building a resource-saving and
environmentally- friendly society as a stated national
policy. It has adopted the circular economy (CE) approach as
a core component of its sustainable development strategy.
The ultimate objective of the CE approach is to achieve the
decoupling of economic growth from natural resource
depletion and environmental degradation. The Chinese
government has been promoting CE on a number of fronts -
legislation, policy reform, pilot projects, and monitoring
and evaluation activities. This briefing note highlights and
recommends further actions the government should take to
enhance the effectiveness of its efforts to develop a
circular economy. Based on the findings and results from the
World Bank-supported CE studies, the note focuses on four
key areas that deserve greater attention: 1) a balanced mix
of policy instruments; 2) participation by both industry and
the public in the CE approach; 3) capacity building; and 4)
the role of the government and governance. |
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