Circular Carbon Economy Index 2022
- Geographical scope:National
- Time horizon:2022
- Initial Release:March 2023
- Institution(s):King Abdullah Petroleum Studies and Research Center (KAPSARC)
There is an urgent need to align global carbon dioxide and other greenhouse gas emissions with climate-safe trajectories. A broad range of technologies and approaches are needed to achieve this cost-effectively and equitably. The circular carbon economy (CCE) concept provides a holistic, flexible, and pragmatic framework for countries to plan their respective contributions toward the commonly agreed climate goals.
The CCE builds on the circular economy concept, with two important distinctions: it has an exclusive focus on energy and emissions, and it adds a fourth pillar, remove to the three pillars of the circular economy: reduce, reuse and recycle.
The goal of the CCE is to reach net-zero emissions through preventing atmospheric carbon dioxide and other GHG emissions. The CCE approach also emphasizes the economic incentives and benefits associated with managing carbon and the need to focus on the most cost-effective mitigation solutions.