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COP 23 CIRCULAR ECONOMY

Introduction:
Ms Isabelle Durant, Deputy Secretary-General UNCTAD.

Segment 1:
Introduction to circular economy concepts and how they can contribute to increasing the ambition of collective climate action towards the 1.5⁰C target.

Jelmer Hoogzaad (Shifting Paradigms) and Matthieu Bardout (Circle Economy)

Effective climate action requires tapping renewable sources of both energy and materials, and extracting from them the most societal value and utility. That’s because around 67% of global greenhouse gas emissions is related to material management. Taking Europe as an example, 95% of the product thus produced is waste after just one use-cycle.

Practice shows that applying circular economy concepts opens new greenhouse gas mitigation options, which to date are mostly unexplored yet crucial to honour the Paris commitments.

This side event explores how we can align climate policy, the architecture of the Paris Agreement and climate finance to tap the potential of circular economy concepts, while contributing to the economic development and low-carbon growth ambitions of developing countries.

Jelmer Hoogzaad from Shifting Paradigms and Matthieu Bardout from Circle Economy give updates on their work with their respective companies. This covers the circular economy and it’s mitigation potential as well as circular mitigation examples and transformational change. Also, opportunities for the Paris Agreement.

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