Embracing a circular economy model enables transition from the linear “take-make-waste” paradigm and embrace a more sustainable and regenerative approach, said Union Minister Bhupender Yadav at the launch of Resource Efficiency Circular Economy Industry Coalition (RECEIC) on the sidelines of the 4th G-20 Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate Ministers’ meeting in Chennai on Thursday.
As many as 39 multinational corporations (MNCs) from sectors such as steel, FMCG, electronics came together to pledge to adopt resource efficiency and circular economy principles to address environmental challenges rising from waste, including plastics, microplastics, e-waste, and chemical waste. The launch of RECEIC, which involved signing of the foundational charter and unveiling of the logo by Mr. Yadav, was attended by Ministers of seven countries such as Mauritius, Denmark, Italy, Canada, UAE, France, and the European Union.
