Countries and businesses are seeking to reduce their resource footprint to cut costs, derisk supply chains and reduce waste, according to a new report on the circular economy
Multilateral Development Banks (MDBs) are working to advance the circular economy, using a wide spectrum of instruments and focusing on a variety of sectors
The new report showcases 20 circular economy projects financed by MDBs in areas such as plastics, critical raw materials, textiles, food and electronic waste
At the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, Multilateral Development Banks (MDBs) presented their first joint report on the circular economy: “The circular economy in motion”.
The report presents 20 detailed case studies from around the world and a variety of areas ranging from waste management and food to the construction sector, plastics, textiles, battery recycling and the recovery of critical raw materials.
The case studies provide a snapshot of the MDBs’ support to the circular economy that spans advisory services, financial support to governments, private-sector investments and backing to the financial sector.