Recommendations

Realizing the vision of a circular New York City requires concerted effort and collaboration, and the leadership of policymakers, businesses and financial institutions. The recommendations outlined below provide some guidance on how this can be achieved. Each of these recommendations mutually supports the others in achieving a circular New York City.

HOW CIRCULARITY CAN BE ACHIEVED

For
the city
Develop and implement circular procurement guidelines
Ensure planning processes and applications integrate circular principles for industrial, commercial and residential developments
Develop a city-wide communications campaign to inform, inspire and engage residents and businesses about the benefits of the circular economy in NYC
Identify areas where extended producer responsibility can reduce waste streams while providing economic opportunities
For
businesses
Develop and implement circular procurement guidelines
Identify and commercialize “product-as-service” opportunities
Develop and purchase from materials marketplaces
Equip current workforce with skills needed to better prepare for the circular economy
For financial institutions
Mobilize capital toward circular economy investments
Recognize resilience to resource scarcity and climate change as factors in assessing value and risk of financing and investment
Develop financial products that are appropriate for
non-traditional circular behaviors and business models
For
ALL
Identify opportunities to collaborate through multi-stakeholder partnerships geared toward achieving the circular economy in NYC
For the city
Develop and implement circular procurement guidelines
Ensure planning processes and applications integrate circular principles for industrial, commercial and residential developments
Develop a city-wide communications campaign to inform, inspire and engage residents and businesses about the benefits of the circular economy in NYC
Identify areas where extended producer responsibility can reduce waste streams while providing economic opportunities
For businesses
Develop and implement circular procurement guidelines
Identify and commercialize “product-as-service” opportunities
Develop and purchase from materials marketplaces
Equip current workforce with skills needed to better prepare for the circular economy
For financial institutions
Mobilize capital toward circular economy investments
Recognize resilience to resource scarcity and climate change as factors in assessing value and risk of financing and investment
Develop financial products that are appropriate for non-traditional circular behaviors and business models
For ALL
Identify opportunities to collaborate through multi-stakeholder partnerships geared toward achieving the circular economy in NYC
We would also like to invite all candidates in the 2021 mayoral election to support our vision for a circular New York City.
Benefits
© 2022 New York Circular City Initiative