Green Forum • 17 April, 2024 at 8:20 AM
At the World Circular Economy Forum (WCEF) 2024 in Brussels, leading multilateral development banks (MDBs), including the European Bank for Reconstruction and Development (EBRD), unveiled their joint vision on MDBs' role in supporting the circular economy.
During the session "Shaping a Global Vision for Circular Finance," MDB directors highlighted the crucial role MDBs play in promoting circular economy approaches, emphasizing their significance in achieving sustainable and equitable development in the 21st century.
Collaborating for increased circularity, MDBs commit to:
-Strengthening internal capacity to support circular-economy approaches in lending and advisory activities.
-Exploring methods to demonstrate the economic value of circular solutions while fostering inclusive sustainable development.
-Enhancing resource efficiency across sectors in MDB operations.
-Facilitating knowledge exchange with the private sector, civil society, and governmental authorities.
"At the EBRD, we've championed circular-economy projects for over a decade. It's a key component of our Green Economy Transition approach, critical to low-carbon transition, and offers significant nature-related and environmental co-benefits”, stated Gianpiero Nacci, EBRD Director for Sustainable Business and Infrastructure.
WCEF annually showcases leading circular economy solutions, attracting participation from global business leaders, policymakers, and experts. These approaches empower businesses to capitalize on new opportunities, gain competitive advantages, and contribute to achieving the UN Sustainable Development Goals.
WCEF 2024 is organized by Sitra, the Finnish Innovation Fund, and produced with Circle Economy Foundation (program partner) and the International Resource Panel (science partner), in collaboration with international partner organizations.