Experience from the EU Eastern Neighborhood
The event will be organized in English language and take place on 16 November 2024, from 15:45 to 16:45 (AZT) in the UNIDO Pavilion (Industry Solutions for People and Planet Hub, UNIDO (A7, Blue Zone) – 323 Heydar Aliyev street, Baku, Azerbaijan).
Registration for the event is open at https://forms.gle/pSZ9i4PMbKQsa2We7.
Objectives
The event will highlight how circular business practices and models can drive CO2 reduction and contribute to achieving climate goals, particularly through applying Circular Economy principles, that are equally resource-efficient and low carbon. It will showcase practical examples from Eastern Partnership countries where businesses have achieved notable CO2 emission reductions through these practices.
Participants
The meeting will bring together governments and business representatives from the Eastern Partnership (EaP) countries who have successfully implemented circular economy models, alongside EU institutions, international organizations, and experts in the field.
Background
The extraction and use of material resources drives over 55% of global GHG emissions. The transition to a Circular Economy (CE) with resource efficiency is therefore essential for mitigating climate change. Circular business practices and models, which focus, amongst others, on efficient resource use, waste reduction, and reusability, not only reduce CO2 emissions but also support long-term economic sustainability.
In the Eastern Partnership countries, circular economy initiatives have demonstrated the potential for substantial CO2 emission reduction. By embracing these practices and business models, countries are advancing towards their climate targets and creating a more resilient, resource-efficient economy.
This event will explore the experiences of businesses (from the Eastern Partnership region of the European Union) that have successfully introduced cleaner production and CE strategies in their manufacturing practices, addressing specifically the efficiency of use of water, materials, and energy, which contributed to significant reductions in their carbon emissions.