With cities responsible for 78% of the world's energy consumption, they lay at the heart of transitioning economies from linear to circular models.

NYU Stern Center for Sustainable Business joins in the launch of the New York Circular City Initiative, which intends to create a city where there is no waste sent to landfills, decreased environmental pollution, and quality jobs created to sustain greener practices across sectors. 

Excerpt: "Shifting from a linear to a circular economic model requires obsolescence to be designed out of goods and the traditional producer/consumer relationship to be replaced by one of service provision and use. While this is a significant undertaking, the size of the prize is enormous."

Read the full report here.