CIRCULAR ECONOMY in CHILE: BACKGROUND, LAW and OPPORTUNITIES

Abstract

Motivated by the fact that Chile is the largest generator of waste (per person, per day) in South America, and at the same time, it belongs to the region of the world with the lowest rates of recycling, the purpose of this study is to understand the problem that the current linear economy approach brings with it, understand the circular economy approach and the importance of adopting this approach as soon as possible as it can be sustained in the long term. The particular case of Chile is interesting as it is a country that is largely financed by the extraction and export of its natural resources such as copper. The economy needs to be diversified and its dependence on raw materials reduced in order to strengthen other economic sectors. On the other hand, waste management is a major challenge since it is recycled less than the world average and even less than the regional average. Specifically, this publication describes the current situation of the country regarding the circular economy, the state of progress of the respective Chilean legislation and the main courses of action. We also exhibit some examples of successful national companies that have adopted this approach. Finally, the main challenges and opportunities that this paradigm shift presents to consumers and producers are pointed out.