Tourism Industry Association of Canada – TIAC and GREENSTEP launch the Sustainable Tourism 2030 Pledge

China’s State Administration of Market Regulation (SAMR) said on Monday it would further regulate the sharing economy sector. SAMR said on its website that price hikes in the system built around the sharing of resources were effectively contained due to its oversight. The regulator also said it is investigating food delivery giant Meituan’s acquisition of bike sharing company Mobike in 2018. Separately, Meituan on Monday warned in a filing that it may be required to pay “a significant amount” of antitrust fines and posted a third consecutive quarterly loss as it continued to invest in expanding its various businesses.

A circular economy, an economy without waste and no depletion of finite resources, gains traction in the sustainability debate as a way out of the current linear “take-make-waste” economy. Circular economy principles, ranging from ecodesign and recycling to new business models, such as products-as-a-service, can lower CO2-emissions and significantly contribute to combatting climate change. Furthermore, moving towards a more circular economy could deliver benefits such as improving the security of the supply of raw materials, increasing competitiveness, stimulating innovation, boosting economic growth and creating jobs.