Why in the News?

Union Environment, Forest and Climate Change Minister Bhupender Yadav on Thursday launched a Resource Efficiency Circular Economy Industry Coalition (RECEIC), conceptualised under India’s G20 Presidency, to promote the practices of resource efficiency and circular economy globally.

About Resource Efficiency and Circular Economy Industry Coalition (RECEIC):

• RECEIC was launched in 2023 at Chennai, Tamil Nadu, with the honorable presence of Shri Bhupender Yadav, Minister for Environment, Forest, and Climate Change.
• The launch event witnessed the participation of distinguished guests, including the Commissioner on Environment from the European Union and esteemed Ministers from Canada, France, Italy, Denmark, Mauritius, and the United Arab Emirates.
• Industry-Driven Initiative:
• RECEIC is an industry-led initiative with a primary goal of fostering global resource efficiency and circular economy practices.
• Embracing the circular economy model, RECEIC promotes production and consumption practices involving sharing, leasing, reusing, repairing, refurbishing, and recycling materials and products to maximize their utility.
• Sustainable Impact:
• The coalition is envisioned to be a self-sustaining entity, committed to lasting environmental sustainability, beyond India's G20 Presidency.
• Founding Members:
• With 39 companies headquartered in 11 different countries, the coalition boasts a diverse group of founding members.
• As a collaborative platform, RECEIC fosters knowledge-sharing, best practice exchange, and the adoption of sustainable approaches among participating industries.