Illustrative image (Photo: VNA) By joining the ECESP, Vietnam can also set up relations withthe parties to the platform to support the development of its circular economy,Lohan told the Vietnam News Agency on the sidelines of the annual ECESP conferenceheld in Brussels on February 27 and 28.
According to the recent Circularity Gap Report, the worldconsumes about 110 billion tonnes of materials each year and wastes over 90%,while only 7.2% is circular.
Arnaud Schwartz, head of the European Economic and SocialCommittee (EESC) Sustainable Development Observatory, said circular economicactivities haven’t been popular in the world, but they are being promoted tobecome the main trend of the future economy. The circular economy is an environmentallyfriendly one in which natural resources are renewable, metal resources sustainable, and overexploitation avoided.
To do that, it is necessary to produce goods from durable and repairable materials and can be used for a long time beforethey are recycled, he noted.
Launched in March 2017 as a joint initiative of the EuropeanCommission and the EESC, the ECESP has developed strongly and served as a modelof reference for enterprises. It gathers a number of climate and sustainabledevelopment initiatives helping members achieve all the Sustainable DevelopmentGoals./.
VNA
