Cabinet: Egypt's Circular economy is promising

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Thu, 04 Feb 2021 - 03:53 GMT

BY

Thu, 04 Feb 2021 - 03:53 GMT

FILE PHOTO- Ministers partake in a Cabinet meeting

FILE PHOTO- Ministers partake in a Cabinet meeting

CAIRO - 4 February 2021: The cabinet’s Information and Decision Support Center (IDSC) has published an infographic on the continuity of Egypt's listing within the category of growth-stage countries in the Circular Gap Report 2021, along with five major emerging markets, namely China, Mexico, Indonesia, Vietnam and Brazil.

 
The report, which covers 176 countries across the world, is issued every year in line with the holding of the World Economic Forum in Davos.
 
 
 
The report aims to direct the attention of decision-makers in economically developed countries towards the importance of adopting circular economy strategies for a better future for all peoples.
 
 
The growth-stage countries in the report are considered promising economies that are likely to lead the transformation process into the circular economy. They are responsible for increasing the rates of resource recycling to ensure the success of relevant strategies.
 
 
According to the report, through smart strategies and reduced material consumption, “Circular economy has the power to shrink global greenhouse gas (GHG) emissions by 39 percent and cut virgin resource use by 28 percent.”

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