Oliver Wyman – An innovation pathway to decarbonization circular economy

The US government and businesses have the opportunity to embrace circular economy solutions to address priorities related to climate change and economic goals. The circular economy presents a critical opportunity to reduce emissions by transforming the way products are made and used. Research shows significant economic and climate benefits from adopting a more circular economy in resource-intensive industries such as grid-scale and electric vehicle batteries, built environment and infrastructure, and electronic equipment. US policymakers and businesses are increasingly recognizing the importance of circular economy solutions in achieving climate and economic goals. A cohesive, multi-industry policy strategy is needed to set the direction for travel, communicate the benefits of circular economy activities, remove barriers, mandate solutions, and drive innovation. This report outlines near-term opportunities for policymakers and industry to move towards a circular economy, capturing economic, climate, and other potential benefits. Collaboration between government and industry is vital to ensure the US maintains its position as a global leader in innovation and economic prosperity.