Assessing Circular Economy Potential in Great Lakes Region

Guidehouse and U.S. Chamber of Commerce Foundation identify savings potential of up to $5 billion USD

A new Guidehouse report, prepared in partnership with the U.S. Chamber of Commerce Foundation, describes the economic and environmental benefits for businesses to put circular economy into practice in the Great Lakes and St. Lawrence Region. The report focuses on three heavily utilized materials – steel, plastics, and pulp and paper.

Among the three materials studied, the economic benefits range between $4.4 - $5 billion USD. The environmental benefits are equally significant, with reductions in greenhouse gas emissions ranging from 35 - 120 million tons of carbon dioxide equivalent (tCO2).

The report’s findings also reveal the importance of developing policies and incentives that facilitate innovation and greening of the value chain, encouraging partnerships and collaboration to foster circularity.

Including case studies and best practices, the report also highlights key strategies and recommendations for businesses to accelerate the circular economy transition.

Download the report from uschamberfoundation.org

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