What If - the Internet of Things Facilitated the Development of a Circular Economy?

The report explores how the Internet of Things could facilitate a circular economy in Canada by 2030.

(Generated with the help of GPT-4)

The research method involves strategic foresight, scenario planning, and consultation with experts to explore plausible futures for Canada in governance, sustainability, infrastructure, and the digital economy. The report identifies key drivers of change and potential policy challenges and opportunities.

(Generated with the help of GPT-4)

The report by Policy Horizons Canada examines the potential impact of the Internet of Things (IoT) on fostering a circular economy in Canada by 2030. It discusses the shift from a linear “take-make-waste” economic model to a more sustainable, circular one that maximizes resource efficiency and minimizes waste. The circular economy is characterized by principles such as preserving natural capital, optimizing resource yields, and fostering system effectiveness. The report highlights how IoT can enhance these principles by enabling better tracking and management of resources, leading to improved sustainability outcomes. It also outlines the potential implications for global emissions, current and future business models, and government policy tools. The document emphasizes that while the transition to a circular economy may present challenges, it offers opportunities for innovation, economic growth, and environmental benefits.

(Generated with the help of GPT-4)

Categories: 2017 publication year | 2030 time horizon | 2030s time horizon | Canada geographic scope | English publication language | circular economy | economic growth | environmental impact | internet of things | policy development | resource efficiency | strategic foresight | sustainability | technological change | waste management