The partnership will use circular economy principles to re-focus industrial processes and lessen the environmental impact of industrial parks to better align with China’s climate ambitions. It will develop a scalable model for more sustainable industrial parks incorporating circular economy principles.
P4G invested US $100,000 in this partnership.
The partnership completed a case study report named “Guidance for Circular Economy Retrofitting of Industrial Parks: Technical Guideline, Financial Mechanism Design and Case Study” and presented it at a workshop on January 2, 2020 where Chinese and international circular economy experts were invited to discuss the challenges and opportunities of circular development of China's industrial parks. The Guideline Report includes technical guidelines, business model, and financial mechanisms and a case study of Yeji Industrial Park, mapping out the implementation of retrofitting industrial parks in China.
Accelerating the Retrofitting of Chinese Industrial Parks