CIRCULAR ECONOMY ROUTE MAP
In June 2017, LWARB launched its Circular Economy Route Map to accelerate London’s transition to become a circular city.
London is growing fast. With the capital’s population predicted to reach over 11 million by 2050, a more flexible and sustainable approach to products, housing, office space and critical infrastructure is crucial to London’s ability to adapt and grow.
By 2036, the circular economy could provide London with net benefits of at least £7bn every year in the sectors of built environment, food, textiles, electricals and plastics, as well as 12,000 net new jobs in the areas of re-use, remanufacturing and materials innovation.
The Route Map recommends actions for a wide range of stakeholders, including London’s higher education, digital and community sectors as well as London’s businesses, social enterprises and its thriving finance sector. Some stakeholders are already signed up to deliver actions, but LWARB is looking for others to get involved and help make London a city where circular economy businesses can flourish.
The route map is an action-orientated document, developed in partnership with London stakeholders. An economic analysis of the route map estimated that the actions within it can contribute £2.8bn towards the £7bn opportunity identified.
The GLA and LWARB have joined with circular economy thought leaders, the Ellen MacArthur Foundation, in order to give London the chance to network, share and learn from other cities, regions and businesses about the benefits of a circular economy.