A new report by the Centre for Science and Environment (CSE) highlights the potential of industrial waste circularity to reduce carbon emissions and conserve natural resources. By 2030, it is estimated that circularity can reuse 750 million tonnes of industrial waste, conserve 450 million tonnes of natural resources, and reduce 50-60 million tonnes of carbon dioxide equivalent. The report emphasizes the need for a circular economy, which promotes the reuse and regeneration of materials and products to reduce waste. The Indian government is being encouraged to develop a national circular economy action plan, including sectoral action plans for industries. The report provides examples of successful circular practices in industries such as cement and thermal power plants, with the potential to reduce carbon emissions and conserve resources. However, challenges such as the absence of attractive taxation policies and the need for a strong economic case to drive funding and make circularity viable are also acknowledged. The goal is to develop a “pull” strategy for circular economy, where demand drives the market and encourages the maximum utilization of resources.
Closing the loop: A circular economy is the key to a sustainable future.
