Global Scans · Circular economy · Weekly Summary

• [New] The circular economy offers substantial economic potential; estimates suggest that global economic gains could reach $192 billion by 2030 if circular practices are widely adopted in the fashion industry. Nature
• [New] The UK government has previously confirmed that the Circular Economy Taskforce will focus, as a priority, on the following 5 sectors: textiles, transport, construction, agri-food and chemicals & plastics. Walker Morris
• [New] The Circularity Gap Report 2025 finds that transitioning to a circular economy and away from garbage disposal in landfills and can help cut material use, reduce emissions, and protect biodiversity, while increasing business resilience and unlocking new growth opportunities. Environment News Service (ENS) | We Cover the Earth for
• [New] The adoption of a Circular Economy Act in 2026 is envisaged to ensure efficient use and reuse of materials by enabling free movement of circular products, secondary raw materials, and waste (including measures to encourage recycling of critical raw materials within the EU). Passle
• [New] By advancing a circular economy, renewable energy lays the foundation for long-term sustainability and national resilience-key pillars for a self-reliant and developed India by 2047. Energetica India Magazine, India Energy News, Renewable Energy News, Conventional Power Generation, Companies Guide...
• [New] Vietnam is shifting towards a digital economy, digital enterprises, digital government, circular economy, and green production, aiming for net-zero emissions by 2050. https://ven.congthuong.vn/
• [New] The strong, circular economy for lead batteries will continue to create jobs, support sustainable practices and make the United States a global leader in energy storage solutions for years to come. MOTOR
• Meeting Victoria's targets will create new jobs, including in clean energy, land restoration, zero-emissions transport, and the circular economy. Climate Change
• As a global leader in both commercial and residential recycling, Wales has amazing potential to lead by example when it comes to future-focused circular economy strategies. The Metal Packager
• India expresses willingness to host the World Circular Economy Forum in 2026 and seeks greater collaboration with Asia-Pacific countries on the circular economy. The Economic Times
• Buyofuel is proud to be enabling businesses across India to not only cut emissions but to adapt to alternatives that will build a circular economy. CXOToday.com
• The circular economy sector alone is poised to reach a valuation of a staggering $2 trillion by 2050, concurrently generating an estimated 10 million new jobs, thereby aligning economic growth with environmental stewardship. Urban Acres
• Compared to the U.S., the ESA has initiated more top-down measures to build a circular economy in space by 2050. Nature
• By encouraging resource efficiency, reuse, recycling, and sustainable practices, the EU hopes to set a global example and position itself as a leader in circular economy practices. Circular Online
• The circular economy can predict substantial changes in GHG emissions in the Netherlands, underscoring its potential as an effective mechanism for reducing environmental impact. BioMed Central
• The state government set a target to divert 80% of waste from landfill by 2030, but the total waste recovery rate has remained around 69% since introducing the circular economy policy in 2020. Australian Broadcasting Corporation
• The transition to a circular economy is more than an environmental imperative - it represents a strategic economic opportunity, enabling industries to innovate sustainably, create new jobs, and drive meaningful progress toward global climate goals. Circular Online
• The circular economy will address Pakistan's waste management challenges, reduce import dependency, and foster manufacturing job creation while bolstering energy and food security. The Express Tribune
• Given that embodied carbon regulation involves material innovations, circular economy strategies, and green infrastructure policies, integrating RD & D-driven solutions into national frameworks could accelerate policy adoption and strengthen global climate commitments. SpringerLink
• By adopting zero-waste and circular economy models, the U.S. could significantly reduce its environmental impact while creating economic opportunities in recycling and waste-to-energy industries. Forbes
• Regulations in key regions - especially Europe and parts of Asia - are expected to accelerate adoption by pressing for greater transparency, LCA data, and alignment with circular economy principles. Yahoo Finance
• Vietnam has launched its National Action Plan for Circular Economy until 2035, prioritizing the expansion of renewable energy as a key driver of sustainable economic growth. SolarQuarter

Last updated: 06 July 2025