| Abstract |
The global population is increasing, as is the demand for basic materials. At the same time, key resources are in short supply, and the extraction and use of raw materials have major environmental implications, for instance, increased CO2 emission. In a Circular Economy (CE), resources and products are divided, leased, reused, repaired, refurbished, and recycled, extending product life cycles, reducing waste, and generating additional value. Government entities in Japan and South Korea are designing and implementing policies to facilitate the transition to a CE and achieve carbon neutrality. The paper compares Japanese policies and actions with those of South Korea, identifies challenges and options for improvements in each country, and lessons that they can share. The paper reviews CE and low carbon policies in the two countries and compares how those, but also public interest and initiatives differ between them. It provides recommendations to address observed shortcomings and capture opportunities to connect CE and zero-carbon strategies. The article is expected to interest Japanese and South Korean policy-makers, companies, and academics. |