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India Launches RECEIC to Promote Resource Efficiency

  • 29 Jul 2023

On 27th July, Union Environment, Forest and Climate Change launched the Resource Efficiency Circular Economy Industry Coalition (RECEIC) under India's G20 Presidency. The initiative aims to promote resource efficiency and circular economy practices on a global scale.

Key Points:

  • Self-Sustaining Impact Beyond G20 Presidency: RECEIC is envisioned as a self-sustaining entity that will continue its operations beyond India's G20 Presidency, making a lasting contribution to environmental sustainability.
  • Founding Members and Diverse Representation: 39 companies from 11 countries have joined RECEIC as its founding members, representing a diverse array of corporations across various industries, from manufacturing to waste collection, sorting, and recycling.
  • Addressing Critical Environmental Challenges: Amidst challenges of climate change, biodiversity loss, and pollution, RECEIC presents an opportunity to introduce sustainable solutions and foster positive change for the well-being of the planet and future generations.
  • Benefits of Resource Efficiency and Circular Economy: Resource efficiency and circular economy strategies offer solutions to tackle resource scarcity and promote equitable and sustainable development.
  • Embracing a circular economy model optimizes resource utilization, minimizes waste, and fosters balanced economic growth, social progress, and environmental stewardship.
  • Catalyzing Positive Change: RECEIC aims to facilitate partnerships, technological collaborations, knowledge exchange, innovation, and access to finance to accelerate resource efficiency and circular economy initiatives on a significant scale.
  • Guiding Principles of RECEIC: The coalition operates on three guiding principles - partnerships for impact, technology cooperation, and finance for scale.
  • Collaborative Platform for Sustainable Practices: RECEIC serves as a collaborative platform to promote knowledge-sharing, best practices, and sustainable approaches among participating industries.