The transformation to a circular economy is fundamental for sustainable economic growth and enabling the transition to net zero – which regional Australia is playing a crucial key role in.
Although there is broad research on circular economy practices in urban areas, there has been limited focus to date on the progress of the circular economy in regional areas.
The Circular Economy in Action: Regional Perspectives report explores how regional communities are fostering and advancing the circular economy.
But what is a circular economy?
In short, a circular economy is a framework that aims to reduce consumption, increase resource efficiency and reduce waste.
In contrast to a ‘linear’ economy, which extracts natural resources and generates waste, a circular economy is based on the recirculation of resources.
Adopting circular practices helps to reduce carbon emissions, as well as reduce waste, pollution and landfill.
This is particularly important in regional Australia, as the regions will play a pivotal role in driving forward Australia’s net zero transition and are home to industries that are critical to this economic transformation: agriculture, food production, manufacturing and energy production.
The report makes nine key findings, which will be instrumental in driving forward discussion and the formation of policy in the circular economy space.