“Paris or no Paris, it is our conviction that we have no right to snatch from our future generations, their right to have clean and beautiful earth. It is part of our thinking and for that reason, we do not believe in exploitation of the nature. We people do not have the right to take more than necessary from nature.” These are the words of our honorable PM, Shri Narendra Modi at St Petersburg International Economic Forum, 2017. Since then India has been taking steps to grow sustainably.
The changing consumption patterns and mass consumerism has damaged the natural and environmental resources. It becomes alarming when we are talking about an economy that will be the fourth largest in the next 20 years and probably the most populated country in the world in the near future.
A new industrial movement is underway- the Circular Economy. This model redefines the roadmap for making ecological and economic development complementary. The circular model promotes the restorative and regenerative model of growth.
According to a study conducted by Ellen Mac Arthur Foundation, it is estimated that a circular economy path adopted by India could bring in annual benefits of 40 lakh crores or approximately US$ 624 billion in 2050. The greenhouse emission would reduce by 44% along with a significant reduction in congestion and pollution. Thus, contributing to the health and economic benefits to society.
International Council for Circular Economy believes that India’s exceptional economic and industrial growth along with the burgeoning population has exponentially increased the consumption of resources. It is actively promoting research projects to drive the country towards a circular economy system. They bring the best practices and experts from the European Union to help the Indian industry expedite this process. In one such endeavor, they are organizing a webinar on 21st Aug 2020, on “Joint declaration between EU and India and how is it going to impact India”. The speakers are veterans from the industry. Axel Darut, EU affairs advisor, Dr. Prasad Modak from IIT Bombay and Shalini Goyal Bhalla, Sustainability expert. They will be addressing how will the declaration gear India towards more circularity and how are the businesses going to be impacted.
You can register for the event here- https://ic-ce.com/event-registration/