A new report produced by Circle Economy, TNO and Fabric has taken a deep dive into the circular economy opportunities for the city of Amsterdam, finding potential economic value creation of €85 million per year, over 700 additional jobs and significant CO2 reductions. 

Licensed under CC - credit Flickr user: Benito La Malfa
Licensed under CC – credit Flickr user: Benito La Malfa

Commissioned by the city government, the research identified the areas where circular business models could be successfully applied and highlights the strategic and practical implementation opportunities. The report focuses on the construction sector and the city’s organic waste as potential drivers for the transition to circular economy, and also as key areas where governmental influence can have a significant impact.

Among the report’s key findings is that material re-use strategies could create €85 million of value each year within construction, and a further €150 million through more efficient organic residual streams. Meanwhile, total material savings add up to nearly 900 thousand tons per year.

Cities are a key area for the transition from a linear to circular economy. Over the past few centuries, cities have become central hubs for people, finance and political power, increasingly becoming centres for innovation and creativity. By 2050, nearly 75% of the world’s population is expected to reside in a city, placing increasing pressure on the resources and flows of materials and energy in urban areas.

Download a full copy of the report from the link below.

Source: Circular Amsterdam

 

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