Recovery and Resilience through Circular Economy Action | Sustainable Development Summit 2020 | Summary and Q&A

TL;DR

A discussion on the importance of scaling circular economy actions to support recovery and resilience in the current context.

Key Insights

• 🧑‍⚕️ Two billion people in the global workforce are working informally, and the circular economy should focus on creating shared prosperity for vulnerable workers.
• ❓ Embracing technology and innovation is crucial for accelerating circular economy progress, and innovation ecosystems should be distributed worldwide.
• 🌍 Regional and global collaboration is necessary for driving circular economy transitions, and alliances in Africa and Latin America are promoting leadership in this area.

Transcript

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Questions & Answers

Q: Why is collaboration between public and private stakeholders crucial for advancing the circular economy?

Collaboration is essential as it allows for the translation of commitments into collaborative actions, and helps in addressing system-level barriers that hinder progress.

Q: How can technology and innovation accelerate progress in the circular economy?

Technology can be leveraged to find solutions for circular economy challenges. Initiatives like Scale 360 aim to identify disruptive innovators and entrepreneurs who can drive the transition to a circular economy.

Q: What role does global and regional collaboration play in advancing the circular economy?

Solutions to circular economy challenges require collaboration at regional and national levels. Initiatives like shaping alliances in Africa and Latin America help drive regional dialogues and foster innovations at a global and regional level.

Q: Why is it important for organizations to adopt common metrics and frameworks for non-financial factors related to circular economy?

Common metrics and frameworks for non-financial factors like ESG (Environmental, Social, and Governance) can help organizations measure and disclose their circular economy practices, allowing stakeholders to make informed decisions and drive adoption.

Summary & Key Takeaways

• The Platform to Accelerate the Circular Economy (PACE) is a coalition of over 80 CEOs and ministers working on scaling circular economy solutions globally.

• In 2020, PACE launched new alliances in Africa and Latin America, initiated new projects, and created partnerships on critical issues like trade and climate.

• The discussion focuses on shared prosperity, technology innovation, global collaboration, and better business for driving circular economy efforts.