TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Circular economy may add up to $45b to Indonesia’s GDP by 2030

  • Norman Harsono

    The Jakarta Post

PREMIUM
Jakarta   /   Tue, January 26, 2021   /  07:57 pm
The Jakarta Post Image
Electronic waste.(Shutterstock/DAMRONG RATTANAPONG)

Adopting a circular economy in Indonesia’s key sectors might add between Rp 593 trillion ($42.2 billion) and Rp 638 trillion to the country’s gross domestic product (GDP) by 2030, a report finds, stating that doing so will also support the government’s efforts to recover the economy after the COVID-19 crisis. The report, launched on Monday, specifically highlights the potential to tap circular economy practices in five key Indonesian industries, namely textiles, retail, electronic manufacturing, construction and food and beverage, which collectively contributed 33 percent of Indonesia's GDP and employed 43 million workers in 2019. The report was jointly made by Indonesia’s National Development Planning Agency (Bappenas), the Danish Government and the United Nations Development Program (UNDP). Circular economy practices, which include reducing food waste ...