Circle Economy launches first gap report for nation states
In May, Circle Economy launched the first successful circularity scan of a nation state: The Circularity Gap Report Austria. Since no previous attempts have been made to measure the level of circularity within a nation state, this landmark report paves the way for state-led collaboration towards circularity. The document identifies for the Austrian political and business community the best interventions to improve circularity and how to monitor their implementation and impact.
Analysis performed for the Austrian economy leads to a circularity rate of 9.7%, slightly above the global average. To boost Austria’s circularity four action perspectives were explored:
1. Shifting from fossil fuels to renewable resources.
2. Recycling of all recyclable waste.
3. Shifting to an economy that maintains its current building and infrastructure, rather than building new.
4. Ensuring imports with higher secondary content.
Combined, these four action perspectives can boost Austria’s circularity rate from the current 9.7% to 37.4%.