Global Alliance for Circular Economy and Resource Efficiency (GACERE)

Context: 

Recently, India has joined the Global Alliance for Circular Economy and Resource Efficiency (GACERE).

About GACERE

  • Aim: It is an alliance of governments at the global level willing to work together on and advocate for a global just circular economy transition and more sustainable management of natural resources.
  • Established by : The European Commission on behalf of the European Union (EU), and by UNEP, in coordination with the UNIDO.
  • Total Members: 17 including Canada, Japan, Switzerland, India & EU. 
    • Observer Countries : Mexico & Singapore
  • Launched in: February 2021.

GACERE Working Areas

  • Advocacy for Global Just Transition: 
    • For a fairer distribution of resources for sustainable consumption and production, in line with Paris Agreement goals. 
    • ItsSeeks reverse biodiversity loss, and reduce pollution, and waste. 
  • Mapping of Policy Frameworks: 
    • It involves mapping domestic policies, fiscal measures, and regulatory frameworks related to sustainable resource management, circular economy transition, and industrial symbiosis.
  • Identification of Transition Barriers, knowledge gaps, and governance issues 
    • Focuses on obstacles to decoupling economic growth from resource use, biodiversity loss, and greenhouse gas emissions, 
    • Exploring opportunities to enhance environmental sustainability. 
  • Identifies Research Needs and Governance Improvements:
    • Facilitates collaboration among governments and stakeholders, addressing resource challenges. 
  • Support for Sectoral Partnerships, Bilateral, and Regional Partnerships: 
    • To disseminate best practices, ensuring coordination and avoiding duplication for a circular economy. 
  • Facilitation of Global Conversations: 
    • On natural resource governance and options for adopting resource-efficient, circular approaches to address global challenges.
What is the Circular Economy?

  • It aims to minimize waste and promote sustainable use of natural resources through smarter product design, longer use, recycling, and more, as well as regenerating nature.
  • It includes a 6R approach: Reduce, Reuse, Recycle, Refurbishment, Recover & Repair.

 

Also Read: Interim Budget 2024-2025

News Source: PIB

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