IE Seminar – Closing the loop through circularity

IE gathered experts to deliberate on the topic of closing the loop through circularity. It highlighted the need and impact that circular economy will create on businesses.

Listen to this article

Training for green jobs must be expedited

– Dr Mushtaq Ahmed Memon, Regional Coordinator, UNEP, Asia Pacific Regional Office

Green economy serves as a pivotal tool in advancing the implementation of sustainable development goals, addressing issues ranging from poverty and job creation to hunger, sustainable food systems, circular economies, health, and sustainable consumption and production. The United Nations Environment Program spearheads efforts in these areas, recognising the significance of transitioning to a circular economy to achieve these goals.

Disparity in resource efficiency across countries

In the Asia Pacific region, it’s striking to note that despite accounting for 50 per cent of global resource consumption, the region generates only 32 per cent of the global GDP. This highlights a significant disparity in resource utilisation and economic output among countries in this region.

Resource efficiency also varies across economies. For instance, in Japan, a mere 0.25 kilograms of natural resource is required to generate an additional dollar in the economy, while in Mongolia, this figure exceeds 15 kilograms due to heavy reliance on the mining sector. This discrepancy underscores the importance of resource efficiency not only for fostering economic growth but also for promoting social equity. In this context, the circular economy emerges as a crucial framework for optimising resource use, enhancing economic productivity and achieving greater social and environmental balance.

Skilled professionals in demand for green jobs
Many corporations are shifting towards Environmental, Social, and Governance (ESG) practices, necessitating a surge in demand for skilled professionals. This includes hiring sustainability officers and pollution management experts, as well as individuals proficient in emerging technologies.

National targets for achieving net-zero emissions by countries require significant shifts in technology, business models, policies and public awareness. This necessitates a workforce with expertise in green skills and governments must develop and enforce relevant regulations.

Efforts must focus on the educational institutions and training programmes. However, transforming educational institutions requires substantial time and resources. Providing training for professors and educators is crucial to keep pace with evolving knowledge and technologies. Industry and government must come forward to expedite this transition.

To effectively achieve ESG, net-zero and renewable energy targets, it is essential to align a country’s action plan with the development of green jobs and circular economy initiatives. This would ensure a skilled workforce capable of driving sustainable economic growth.

Latest

ebm-papst to set up a new plant near Chennai at Rs.340 cr.

The new plant is coming up near Chennai, Tamil...

Renault to buy out Nissan in Indian JV

"Renault Group would own 100% of Renault Nissan Automotive...

98.21% of ₹ 2000 notes returns, says RBI

The Reserve Bank of India (RBI) has said that...

Maruti Suzuki posts record sales in FY2025

The company sold a total of 2,234,266 units, including 1,795,259 units in...

Newsletter

Don't miss

ebm-papst to set up a new plant near Chennai at Rs.340 cr.

The new plant is coming up near Chennai, Tamil...

Renault to buy out Nissan in Indian JV

"Renault Group would own 100% of Renault Nissan Automotive...

98.21% of ₹ 2000 notes returns, says RBI

The Reserve Bank of India (RBI) has said that...

Maruti Suzuki posts record sales in FY2025

The company sold a total of 2,234,266 units, including 1,795,259 units in...

Tata chairman in IMF advisory council

He is among prominent individuals appointed by IMF Managing...

ebm-papst to set up a new plant near Chennai at Rs.340 cr.

The new plant is coming up near Chennai, Tamil Nadu. The new greenfield project is expected to involve an initial investment of outlay of  Rs....

Renault to buy out Nissan in Indian JV

"Renault Group would own 100% of Renault Nissan Automotive India Private Ltd. (RNAIPL)  by acquiring the 51% shareholding currently held by Nissan," a release...

98.21% of ₹ 2000 notes returns, says RBI

The Reserve Bank of India (RBI) has said that 98.21% of the ₹2000 banknotes in circulation as on May 19, 2023 has been returned. The...