In Latin America and the Caribbean (LAC) around 1 kilogram of waste per capita is generated daily. Waste collection coverage in the region is high compared to the world average. At the urban level, about 85% of the waste is collected; however, the figures vary significantly from one country to another (ECLAC, 2020). Less than 75% of urban waste is deposited in landfills and more than 20% goes to open dumps (PNUMA, 2018). On the other hand, only 4% of urban solid waste is recycled in the region. These are all characteristic features of an unsustainable style of development.
The circular economy seeks, among other objectives, to introduce efficiencies in production and consumption processes that reduce the extraction of materials from nature and avoid impacts on ecosystems. The various strategies used by countries to promote the transformation towards a circular economy are expected to introduce transformations both in the productive structure and in the transactions between economic agents. In order to develop the circular economy in the region, it is necessary to modify public policies, regulations, management systems, public finances, investments, financing systems and capacities in all countries.
The recovery from the current crisis is a strategic moment to align the policy objectives of the countries of Latin America and the Caribbean with a green and just transition. This transition implies challenges, but also opportunities for LAC countries. The circular economy that has the potential to contribute to economic and development objectives, while allowing climate objectives to be met.
