Local government programmes that encourage and support circular economy practices, such as repair, recycling and circular design activities help attract new investment, create jobs and result in tangible socio-economic benefits for the city and its people, reveals the report: The Role of Municipal Policy in the Circular Economy: Investment, Jobs and Social Capital in Circular Cities.
The report explores the connection between municipalities pursuing circular economy policy and investments in circular business that create jobs.
In order to maximise the benefits for society of the circular economy, municipalities can employ a series of regulatory, economic and soft instruments. Municipal circular policies, especially strategy, targets, loans and subsidies, are conducive to generating employment.
“We know that circular strategies can create new, local, stable jobs and support an economy that is low carbon and human centered. Cities play such a key role to make the transition happen and it is the policy makers who now have the opportunity to make thriving cities. Governments can use the circular economy to make the sustainable development of their cities possible." – Harald Friedl, CEO, Circle Economy