- August 27, 2022
- Posted by: Stratford Team
- Category: Economy
Japan aims to boost the size of its domestic circular economy, which focusses on reducing carbon emissions through reuse of products and resources, to 80 trillion yen ($583.7 billion) by 2030, government sources said.
The move to promote its circular economy, currently worth 50 trillion yen and intended to foster sustainable economic practices by reusing and recycling goods and materials, comes as Prime Minister Fumio Kishida’s government is stepping up efforts to achieve a carbon neutral society by 2050.
File photo of factories in an industrial belt in Ichihara, Chiba Prefecture, in May 2007. (Kyodo)
Initiatives will include recycling raw materials and distributing used goods, which are intended to reduce carbon dioxide emissions, a major culprit of global warming, the sources said.
New businesses emerging from the circular economy include apps where individuals can sell used goods and monthly subscription services for clothing…
