Fast-tracking a Zero Waste Economy: More Governments and Business Leaders Commit to Circular Economy…


Original post, click here

Yann Zopf, Public Engagement, Tel.: +41 79 204 1610, Email: yzo@weforum.org

· Denmark, Japan, the Netherlands and the United Arab Emirates join over 50 leaders committed to circular economy impact by joining the Platform for Accelerating the Circular Economy (PACE).

· PACE is fast-tracking circular economy solutions to pressing environmental challenges, from electronic waste to plastic pollution

· The announcement comes as a major circular economy summit gets underway hosted by the Government of Japan and the Finnish Innovation Fund Sitra – Fourth Industrial Revolution solutions is a key focus

· Nearly 90 billion tonnes of materials were extracted globally in 2017, with only a fraction cycled back into the economy, resulting in pollution and wasting about $4.5 trillion in recoverable resources.

Geneva and Tokyo, 22 October 2018 – Denmark, Japan, the Netherlands and the United Arab Emirates have committed to joining a major global initiative to redesign the global “take-make-dispose” economy into a more circular one. They join over 50 government and business leaders who are part of the Platform for Accelerating the Circular Economy (PACE), which was launched at the World Economic Forum Annual Meeting 2018 in Davos (see press conference here and the list of members here).

PACE includes the heads of some of the world’s largest companies such as Royal Philips and Unilever; senior representatives from the governments of Indonesia, Nigeria, the People’s Republic of China and Rwanda; and heads of organizations, including the Ellen Macarthur Foundation, World Resources Institute, Global Environment Facility, UN Environment and World Bank.

All are committed to efforts that cut waste and pollution and fast-tracking circular economy solutions in which products and materials are redesigned, recovered and reused to reduce environmental impacts. Extending the life of products creates new business opportunities and revenue streams, while minimizing the environmental impact of mining, resource extraction, refining and manufacture.

Japan’s commitment comes as the second World Circular Economy Forum – hosted by the Ministry of the Environment of Japan and Finnish innovation fund Sitra – gets underway in Yokohama, Japan.

Japan is one of the most resource-efficient economies globally, and has recently launched its 4th Fundamental Plan for Establishing a Sound Material-Cycle Society a new public-private Plastics Smart campaign. The Netherlands government aims to achieve circularity by 2050 and halve the use of primary resources by 2030 and Denmark launched its Circular Economy Strategy and a related National Action Plan on Plastics. The UAE is committed to shaping strategic action to advance the circular economy.

To date, PACE, which is hosted and facilitated by the World Economic Forum, has catalysed major projects and collaborations to advance the circular economy, including the Global Plastics Action Partnership, which was launched in collaboration with the Friends of Ocean Action at the Forum’s Sustainable Development Impact Summit in New York. PACE is also focused on waste from electronics. In 2016, 44.7 million metric tonnes of e-waste was generated, equivalent to the weight of 4,500 Eiffel Towers. E-waste contains a number of toxic substances that can cause great harm to health. At the same time, the UN estimates that some 55 Billion Euro worth of secondary raw materials lays idle in e-waste.

Antonia Gawel, Head of the Circular Economy Initiative, World Economic Forum, said: “We have the knowledge, power and technologies to drive circular economy action. We just need to act more quickly and build partnerships to scale solutions. The Fourth Industrial Revolution offers great opportunities in this area – which is why PACE is excited to explore its potential with an expanding group of partners.”

Frans van Houten, Chief Executive Officer, Royal Philips, and PACE Co-Chair, said: “A circular economy is essential if we are to achieve global economic growth whilst stopping unsustainable resource consumption. Large corporations, SMEs and governments must collaborate to transform supply chains and the modern consumption economy. Philips is pleased to partner with private and public sector organizations through PACE enabling large-scale projects with firm commitments and decisive action.”

Naoko Ishii, Chief Executive Officer and Chairperson, Global Environment Facility (GEF), and PACE Co-Chair, said: “It is a real pleasure for me to welcome a growing network of governments to PACE. The world urgently needs to move to a more Circular Economy, and PACE is a strong platform that brings together a broad coalition of stakeholders to accelerate action.”

Yoshiaki Harada, Minster of Environment, Japan, said: “We all have a common view on realizing a circular economy on a global scale by networking and accumulating knowledge and experience of public and private entities around the world. The Ministry of the Environment of Japan has decided to participate in PACE, and share our knowledge and experience globally. As part of our contribution to PACE, we would like to provide information on excellent actions, experiences and technologies of Japan’s public and private entities registered in our “Plastics Smart” Campaign.”

Notes to editors:

Watch live webcasts of sessions and get more information about the event at http://wef.ch/SDI18

Guide to how to follow and embed sessions on your website at http://wef.ch/howtofollow

View the best photos from the event at http://wef.ch/pix

Read the Forum Agenda in English at http://wef.ch/agenda or in Spanish at http://wef.ch/agenda_es

Become a fan of the Forum on Facebook at http://wef.ch/facebook

Watch our videos at http://wef.ch/video

Follow the Forum on Twitter via @wef and @davos, and join the conversation using #SDI18

Follow our Instagram at http://wef.ch/instagram

Follow us on LinkedIn at http://wef.ch/linkedin

Learn about the Forum’s impact on http://wef.ch/impact

Subscribe to Forum news releases at http://wef.ch/news

All opinions expressed are those of the author. The World Economic Forum Blog is an independent and neutral platform dedicated to generating debate around the key topics that shape global, regional and industry agendas.