A circular economy could deliver Australia a $23 billion GDP boost by 2025, according to a new report produced by KPMG.

Commissioned by the CSIRO, Potential economic pay-off of a circular economy for Australia investigates the potential economic effects of circular opportunities in three key sectors of interest: Food, Transport and the Built Environment.

The report identifies energy efficient buildings and compact dwellings as key circular economy opportunities for the built environment. Lowering energy consumption in buildings is found to represent the greatest impact in dollar terms, with KPMG predicting such measures to provide over $96,000 million in GDP by 2047-8. It estimates that optimising space in the construction of new dwellings could deliver approximately $32 million in GDP by 2047-8 and provide the equivalent of nearly 35,000 full time jobs.

ASBEC and Climateworks’ recent report, Built to Perform (2018), was drawn upon in this study.

This report highlights a substantial pay-off under a circular economy that is above and beyond its environmental benefits, reinforcing findings for other countries and jurisdictions.

More information here