Introduction:
India’s focus on ‘Resource Efficiency and Circular Economy’ during its G-20 presidency underscores its dedication to responsible resource management, aligning with the broader international sustainability agenda.
Body:
India’s G-20 ‘Resource Efficiency and Circular Economy’ Priorities:
- Steel Sector Resource Efficiency: Collaborative efforts within G-20 are crucial for achieving net-zero steel production, utilizing circular methods to reduce emissions and resource use for sustainable infrastructure.
- EPR and Recycling: Sharing Extended Producer Responsibility (EPR) best practices within G-20 accelerates the adoption of circular economies. India’s notable EPR initiatives for e-waste and batteries enhance recycling, resource conservation, and landfill reduction.
- Circular Bioeconomy & Biofuels: G-20 must address the escalating biological resource use, with circular economy principles reducing environmental impact. India’s biofuel projects, such as 2G ethanol and Compressed Biogas (CBG), exemplify waste-to-energy practices.
- Industry Resource Efficiency Coalition: India’s vision for an industry coalition stimulates technological collaboration, sector capabilities, and sustainable financing, with private sector involvement fostering innovation for circular economies.
Impact on Global Efforts Towards Sustainability:
- Mitigating Environmental Impact: Circular economy principles, through G-20 collaboration, reduce waste, mitigating global environmental degradation.
- Resource Conservation: G-20 nations collectively conserve natural resources by minimizing consumption and maximizing value.
- Global Climate Goals: The transition to circularity, especially in sectors like steel, aligns with G-20’s commitment to reducing greenhouse gas emissions in accordance with the Paris Agreement.
- Innovation and Tech Advancements: Circular economy promotion stimulates research and development in globally sustainable technologies and bioprocessing, fostering industry-wide innovation.
- Green Job Creation: The transition to a circular economy generates employment in agriculture, forestry, research, and waste management, promoting rural economies and social development.
- Knowledge Sharing and Collaboration: G-20 initiatives facilitate knowledge sharing and collaborative efforts, accelerating the global adoption of sustainable practices.
Conclusion:
India’s prioritization of ‘Resource Efficiency and Circular Economy’ during its G-20 presidency not only reflects its commitment but also positively impacts global sustainability efforts. Under India’s leadership, G-20 nations collectively strive for a sustainable and resilient world, advancing progress towards a brighter, sustainable future in alignment with the Sustainable Development Goals (SDGs).
In case you still have your doubts, contact us on 9811333901.
For UPSC Prelims Resources, Click here
For Daily Updates and Study Material:
Join our Telegram Channel – Edukemy for IAS
- 1. Learn through Videos – here
- 2. Be Exam Ready by Practicing Daily MCQs – here
- 3. Daily Newsletter – Get all your Current Affairs Covered – here
- 4. Mains Answer Writing Practice – here
