Meeting the needs and aspirations of a rising global population in an increasingly resource constrained world is one of the foremost global challenges we face today. There is an urgent need to find new growth models that allow for pursuit of economic development in a sustainable manner.
Resource efficiency and circular economy models can help us achieve this by decoupling economic growth from resource use and its negative environmental externalities. There has been a growing global acknowledgement of the significance of resource efficiency and circular economy for achieving the UN Sustainable Development Goals, as well fulfilling commitments made under the Paris Climate Agreement.
The transition to the circular economy requires a ‘systemic shift’ and global cooperation. Cooperation between the EU, as a pioneer in the transition to the circular economy, and countries like India that face tremendous resource pressures are crucial to bring about accelerated development and prosperity.
In recognition of this, the Government of India’s Ministry of Environment, Forest and Climate Change (MoEFCC) and the EU Delegation to India signed a Joint Declaration of Intent in 2018 to cooperate in the areas of resource efficiency and circular economy.