Understanding the Bio-Circular-Green (BCG) Economy Model

During Thailand’s APEC host year, the Bio-Circular-Green (BCG) Economy concept was introduced into APEC’s conversation as a promising post-pandemic growth strategy where science, innovation and technology are applied to promote the efficient use of resources, maintain and restore our ecosystems, and reduce waste to build a system where government and business can thrive. It aims to contribute to the global efforts of comprehensively addressing all environmental challenges for a sustainable planet.

A policy dialogue on Understanding the BCG Economy Model for Strong, Balanced, Secure, Sustainable and Inclusive Growth in the Asia-Pacific was held in February 2022 to exchange ideas on how APEC can meet its sustainable economic growth objectives across APEC workstreams and exploring potential partnerships across government, the private sector and academia. This report is an outcome of that project based on the background paper on BCG economy, discussions at the policy dialogue and the questionnaire responses from APEC member economies