11. SUSTAINABLE CITIES AND COMMUNITIES

Global Carbon Council, World Sustainable Business Forum collaborate to promote circular economy

Global Carbon Council, World Sustainable Business Forum collaborate to promote circular economy
Written by ZJbTFBGJ2T

Global Carbon Council, World Sustainable Business Forum collaborate to promote circular economy  Khaleej Times

Global Carbon Council, World Sustainable Business Forum collaborate to promote circular economy

Global Collaboration Agreement Announced to Promote Circular Economy

A new global collaboration agreement has been announced by the Global Carbon Council (GCC) and the World Sustainable Business Forum (WSBF), including WSBF Foundation, on Friday. The collaboration aims to pave the way for a Global Circular Economy.

The collaboration between GCC and WSBF will focus on building capacity for organizations, from governments to global brands, to adopt practices that support a circular economy. This collaboration will enable the use of market instruments provided by GCC for WSBF Global Circular Economy stakeholders, leading to the issuance of high-quality carbon credits and plastic credits. This will help organizations reduce their environmental impact and meet their climate obligations in line with the ambitions of the Paris Agreement.

Circular Economy Strategies

The United Nations Development Programme (UNDP) has revealed that material extraction and use account for 70% of all global greenhouse gas (GHG) emissions. Circular economy strategies have the potential to reduce global GHG emissions by 40-50% by 2050.

Despite the urgent need to shift to a circular economy, material extraction is increasing every year, while circularity is declining. Studies show that through efficient and more circular use of materials in key industrial sectors, circular economy strategies can help reduce global GHG emissions by 40% by 2050.

Plastic Pollution in the Ocean

According to the International Union for Conservation of Nature (IUCN), at least 14 million tons of plastic end up in the ocean every year. Plastic debris is currently the most abundant type of litter in the ocean, accounting for 80% of all marine debris.

The Circular Economy has the potential to generate significant economic output, with estimates ranging from $4.5 trillion by 2030 to as much as $25 trillion by 2050. The collaboration between GCC and WSBF aims to catalyze the international circular economy and support organizations in prioritizing plastic pollution abatement, sustainability, and decarbonization.

Driving Environmental Integrity

Dr. Yousef Alhorr, founding chairman of GCC, stated that the collaboration with WSBF combines their collective expertise, networks, and influence to support economic prosperity and drive environmental integrity. The collaboration aims to develop the capacity of organizations to realize the positive potential of the circular economy.

Merzi Sodawaterwala, founding chairman of WSBF, emphasized the need to transition towards a Global Sustainable and Circular Carbon Economy. The collaboration on the eve of COP28 in UAE is seen as a moral imperative to transform, decarbonize, and future-proof the new world circular economy.

Reducing Waste and Creating Jobs

The circular economy model aims to reduce waste by utilizing refurbishing and recycling of existing materials. By transitioning towards a circular economy, it is estimated that 6 million jobs can be created globally by 2030.

Ranjit Baxi, co-founder of WSBF Foundation, highlighted the vision of a world where waste is an antiquated concept and resources are valued and utilized to their fullest extent. The collaboration between GCC and WSBF aims to empower global sustainability, drive decarbonization efforts, and set new standards for climate action.

Kishor Rajhansa, Chief Operating Officer of GCC, emphasized the importance of empowering organizations with practical and credible solutions that channel resources into impactful circular economy projects, resulting in the issuance of valuable certified carbon credits and plastic credits.

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1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action
  • SDG 14: Life Below Water
  • SDG 15: Life on Land

2. What specific targets under those SDGs can be identified based on the article’s content?

  • Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources.
  • Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse.
  • Target 13.2: Integrate climate change measures into national policies, strategies, and planning.
  • Target 14.1: By 2025, prevent and significantly reduce marine pollution of all kinds.
  • Target 15.5: Take urgent and significant action to reduce degradation of natural habitats.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

  • Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP.
  • Indicator 12.5.1: National recycling rate, tons of waste recycled.
  • Indicator 13.2.1: Number of countries that have integrated climate change measures into national policies, strategies, and planning.
  • Indicator 14.1.1: Index of coastal eutrophication and floating plastic debris density.
  • Indicator 15.5.1: Red List Index and abundance and distribution of selected species.

4. Table: SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 12: Responsible Consumption and Production Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources. Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP.
SDG 12: Responsible Consumption and Production Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse. Indicator 12.5.1: National recycling rate, tons of waste recycled.
Target 13.2: Integrate climate change measures into national policies, strategies, and planning. Indicator 13.2.1: Number of countries that have integrated climate change measures into national policies, strategies, and planning.
SDG 14: Life Below Water Target 14.1: By 2025, prevent and significantly reduce marine pollution of all kinds. Indicator 14.1.1: Index of coastal eutrophication and floating plastic debris density.
SDG 15: Life on Land Target 15.5: Take urgent and significant action to reduce degradation of natural habitats. Indicator 15.5.1: Red List Index and abundance and distribution of selected species.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: khaleejtimes.com

 

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