Indonesia’s GDP Could Increase by 0.6% by 2030 Through Its Transition to a Circular Economy: Bappenas

Indonesia’s Ministry of National Development Planning (Bappenas) expects the economy to benefit from its transition to a circular economy, with gross domestic product set to increase by between IDR 593 trillion and IDR 638 trillion (USD 41.2-43.3 billion) by 2030. Speaking at a webinar on the circular economy held on the 12th of March 2021, Bappenas' Deputy of Economic Affairs Amalia Adininggar Widyasanti noted that the circular economy will raise Indonesia's GDP growth rate by 0.6% in 2030 should the transition be consistent and comprehensive.

Why it matters?

The circular economy gives preference to sustainable economic development through lowering waste production and recycling waste. In comparison, the linear economic approac...