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Rampant material extraction is pushing the ecosystems of Latin America and the Caribbean (LAC) to their limits. Over 11% of global raw materials are extracted within the region, yet it represents only about 8% of the world's population.

[*The Circularity Gap Report* (CGR) Latin America and the Caribbean](https://www.circularity-gap.world/lac), a first of its kind, demonstrates how the region can leverage the circular economy to tackle systemic inefficiencies in satisfying societal needs, conserve its unique natural wealth, and improve its people’s well-being.

To devise pathways for a circular transition, the report analysed the sectors where circular interventions could yield the most positive impact—environmentally, economically, and socially. This entails shifting to a circular food system, building a circular built environment, advancing circular manufacturing, transforming the energy system, reducing waste generation, and improve waste cycling.

[Circle Economy](https://www.circle-economy.com/) is a global impact organisation with an international team of passionate experts based in Amsterdam. We empower industries, cities, and nations with practical and scalable solutions to put the circular economy into action. Our vision is an economic system that ensures the planet and all people can thrive. To avoid climate breakdown, our goal is to double global circularity by 2032. Through the Circularity Gap Reporting Initiative, our mission is to deliver Circularity Metrics that measure the state of the global and national economy and identify key levers to transition to circularity. 

Latin America Collection

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Business case

Enacting measures that optimise energy use

Energy efficiency

Providing repair services or maintenance services for products or parts

Product maintenance, repair

Decentralised services that rely on the power of the crowd or the community

Crowd-based services

The principles of a circular economy concern designing out waste, regenerating ecosystems and keeping items in use. Decoupling the economy from material flows—improving the rate of resource productivity faster than the economic growth rate—is also a consistent guide. By evolving with the growing number of applications of circular economy principles, and consolidating these strategies across thematic areas, Circle Economy’s Key Elements Framework (KE) renders the elements of the circular economy salient and serves as a basis to derive contextual strategies and interventions. 


The Framework consists of:
- Core Elements: Activities directly handling product or material flows; and uniquely,
- Enabling Elements: those that remove obstacles for core actors.


Key elements of the circular economy

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Circle Economy's framework of strategies and activities that define the circular economy

Es nuestro anhelo poder reducir los desperdicios y aumentar el aprovechamiento de un producto tan perecedero como son las frutas y verduras. Buen Provecho nos permitió llegar a más gente dispuesta a utilizar y disfrutar de nuestros productos disminuyendo los prejuicios de forma, tamaño y maduración de los alimentos.Soy fan de Buen Provecho desde sus inicios, estoy atenta a las propuestas de cada día y siempre muy satisfecha con lo que compro, tanto los productos como la atención. Lo recomiendo cien por ciento.Me pregunto cómo esté concepto no existía antes, ya que favorece tanto al medio ambiente, al comerciante y al cliente. Me ha permitido conocer locales con propuestas excelentes! A veces voy por las ofertas de la aplicación y termino comprando algo más. No me queda más que felicitarlos y agradecerles por tan buena propuesta.

Bogotá

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HABI

Green Factory

Banco de Bogotá

<p>Launched in Bogotá, Colombia, in 2021, this partnership between HABI (a real estate platform), Green Factory (a sustainability construction and certifications company) and <em>Banco de Bogotá</em> (a financial institution), promotes the purchase of refurbished apartments that integrate circular economy principles, provide certified resource efficiency benefits and offer lower loan rates. Properties are adapted to maximise the use of existing resources and minimise the usage of essential services. This enables cutting energy consumption by up to 30% and water usage by as much as 40%.</p>