SUSTAINABLE CONSUMPTION AND PRODUCTION - CIRCULAR ECONOMY

Closing the loop

This parallel session will focus on the following 3 themes:

  • Policies and strategies for sustainable consumption and production (10 January, 12:00 – 13:00)
  • Innovations and solutions for sustainable consumption and production (10 January, 15:30 – 16:30)
  • Finance and investment for sustainable consumption and production (11 January, 12:00 – 13:00)

Sustainable Consumption and Production aims at “doing more and better with less” promoting resource and energy efficiency and sustainable infrastructures. Its implementation provides solutions to increase net welfare gains from economic activities by reducing resource use, degradation and pollution along the whole lifecycle, while increasing quality of life, creating green and decent jobs and reducing poverty. A key concept to achieve this is circularity, which explores opportunities to promote closed material loops and enhanced resource efficiency along the value chains. It represents a systematic shift that generates business and economic opportunities and provides environmental and social benefits, such as social equity, resource security, pollution prevention and job creation. Sustainable Consumption and Production – Circular Economy implies developing new business models such as paying for performance, designing products for using them as long as possible, reusing and remanufacturing products at the end of service life, and recovering/recycling a maximum of resources to avoid waste in production, supply, use and disposal. The key of a transition to sustainable consumption and production patterns and to circular economy is to develop the policy, technology and financing solutions that enable us to decouple economic development and human well-being from resource depletion and waste production.

Session 1 on “Policies and strategies for sustainable consumption and production” will illustrate the impact of different policy options and national planning strategies that support the acceleration of SCP-circular economy implementation. Various policies and strategies, including macroeconomic and sectoral analysis and incentives, as well as modelling approaches will be covered. Impact on economic growth, employment, economic and social inclusion, climate resilience and environmental sustainability will be assessed.

Session 2 on “Innovations and solutions for sustainable consumption and productionwill illustrate practical solutions and innovations allowing the operationalisation and implementation of Sustainable Consumption and Production – Circular Economy, in countries and across global value chains. The session will be illustrated with examples, including of south-south cooperation.

Session 3 on “Finance and investment for sustainable consumption and productionwill present existing and future plans for finance and investment into green sectors and for “greening” brown sectors, providing fiscal and economic policy analysis. The session will complement the finance stream and draw linkages between the topics of the conference, as well as focus on sustainable Development Goals financing, in particular SDG 12.