Effects of the Circular Economy on Jobs
With growth in GDP and real wages around the world, inequality, greenhouse gas (GHG) emissions, and material extractions have increased at an even higher rate. The resource- and carbon-intensive model of “take, make, waste” is no longer acceptable.
The economic growth in many countries in Africa, Asia and the Pacific, and the Americas remains tied to GHG emissions, material extraction, water, and land use. Pioneers have been forging a different path in understanding the economy. Some countries have started to decouple economic growth from GHG emissions by increasing the use of renewable energy, carbon pricing, green product subsidies, and policies to promote green jobs. European organizations, corporations, and governments have written reports and done preliminary pilots to advance an understanding of job impacts in the circular economy in which prosperity and growth are decoupled from material use and GHG emissions.
Though early reports and legislation on the circular economy date back over a decade, there is still little cohesion on concrete definitions of what a circular economy looks like in practice, including what kinds of jobs fit the description and which ones are affected by a transition toward a circular economy. This means that analyses of job impacts and trade-related effects still differ widely across current publications and approaches.
You might also be interested in
IISD Trade and Sustainability Review, Volume 1, Issue 2, March 2021
This second edition of IISD's Trade and Sustainability Review features analytical pieces and commentaries that focus on a series of transitions in the realm of trade and sustainability development.
Five Key Principles for a Fossil-Free Recovery
Lourdes Sanchez, lead author of Achieving a Fossil-Free Recovery, explains how the COVID-19 pandemic has created a window of opportunity to fund a green recovery, along with five principles to do so.
Achieving a Fossil-Free Recovery
This report lays out concrete options for governments to achieve net-zero and sustainable development goals by using recovery spending to support the transition to clean energy and a resilient, fossil-free economy.
Options to Incorporate Circular Economy Provisions in Regional Trade Agreements
This report explores possible options to incorporate circular economy-related provisions in trade agreements based on existing precedents.