Friday, Apr 26 2024 | Time 02:36 Hrs(IST)
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World


WEF recognises EC as champion in circular economy

Davos, Jan 23 (UNI) The European Commission (EC) has been awarded the 2019 Circular Economy Prize by the World Economic Forum and the Forum of Young Global Leaders as recognition of the work done to accelerate the transition towards a circular economy that protects the environment and reduces greenhouse gas emissions while delivering opportunities for jobs, growth and investment.
The EC was awarded the prize on Monday evening in Davos.
In 2015, the EC had established a unique comprehensive strategy, the Circular Economy Package, aiming to close the resource loop by introducing measures covering the whole lifecycle of products and materials – from production and consumption to management of waste and its re-use as secondary raw materials in the economy.
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