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.
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Also Read: Interim Budget 2024-2025
News Source: PIB
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