Mexico City Cleans Up Act With $200 Million for Zero Waste

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

  • Public funds, private partnerships to up recycling capacity
  • Plans include plastics ban by 2021, zero waste by 2030

Mexico City has committed close to $200 million in public funds to be spent on recycling infrastructure by 2024. The Mexican capital also plans to co-finance additional infrastructure through public-private partnerships.

Mexico City published its “Zero Waste” strategy earlier this year. By 2024, the City aims to triple the amount of recycled waste – including construction and demolition waste – and reduce waste going to landfills by 70%.

The city has also recently approved a ban on single-use plastics, due to be implemented by 2021. It expects these measures to result in a 70% decrease in waste-related greenhouse gas emissions.

This ambitious plan is in line with policies in high-income regions, such as the European Union, and shows that emerging markets see the benefit in achieving a circular economy.

Clients can find the entire report ‘Circular Economy: Global Policy Trends’ on The Terminal or on web

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