Indonesia Promotes Circular Economy to Unlock New Business Opportunities
Indonesia's circular economy implementation aims to reduce waste and create new business opportunities across sectors. YW Junardy, President of UN Global Compact Network Indonesia, highlighted that this transition could significantly contribute to the national GDP by Rp593-638 trillion by 2030 and generate over 4.4 million green jobs. The private sector's role is crucial for driving this transformation, with government support in providing green financing ecosystems and incentives. The IGCN Circular Economy Working Group was launched to foster collaboration and innovation in this area.
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Indonesia is advancing its circular economy strategy to reduce waste and create business opportunities. YW Junardy from UN Global Compact Network Indonesia stated that this transition is vital for inclusive economic growth and aligns with Indonesia's Long-Term Strategy for Low Carbon and Climate Resilience and Net Zero Emissions target for 2060.
The economy could contribute Rp593-638 trillion to GDP by 2030 and create 4.4 million green jobs. The private sector must lead this transformation, supported by government initiatives on green financing and incentives. The IGCN Circular Economy Working Group was launched to promote collaboration and innovation.
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