Traditional linear consumption patterns (‘take-make-dispose’) are coming up against constraints on the availability of resources and environmental protection. The transition to a circular economy is a unique opportunity for fast-growing APEC member economies to be more resource-efficient, competitive, and innovative. By embracing PPSTI’s priority of the digital technologies and moving towards a restorative economic system, circular economy paves the way to a long-term environmental sustainability that achieves inclusive and sustainable development. The circular economy aims to eradicate wasteful use of raw materials and energy from the manufacturing process as well as valorisation of by-products by using state-of-the-art digital related technologies as a systematically solution.
This project aims to facilitate industry focus (i.e. textile, agricultural waste, and ICT waste management) with ‘Green’ technology flows, trying to explore the challenges and opportunities of PPP cooperation for a better balance between economic growth and resource efficiency. Two workshops will be held for creating an enabling policy framework which offers short- and long-term economic, technological, social, and environmental benefits, and also to motivate corporate leaders to achieve greater benefits for sustainable development.