Public-Private Partnership to Scale up Circular Economy (The Georgia Case)

Abstract

Public-private partnerships (PPPs) are considered an important enabling mechanism for promoting a circular economy. The paper aims to study PPP tools to scale up the circular economy, present Georgia’s position, identify opportunities, and develop relevant recommendations. Georgia currently operates at a circularity level of 1.3%, indicating a significant circularity gap of 98.7%. Despite several steps successfully taken in Georgia already, more opportunities should be opened up and turned into assets to promote circularity and promote sustainable development. There is low interest from businesses in the innovative approaches required to transition to circularity, indicating that extensive measures need to be taken. Their potential to raise their company reputation should be accented, and the appropriate campaign directed with this emphasis, so as to raise awareness among both the businesses and the public (as potential customers). As the state has the most important role in the growth of circularity, there is a need to expand the relevant legal framework. Georgia’s future steps in scaling up its circular economy should be actively connected with the private sector through identifying, implementing, and evaluating processes, and through the institutional duties of PPP projects.