Title: Ministerial Meeting on Circular Economy "Empowering Interregional Partnerships for Circular Economy Transition: Towards a Climate Resilient and Sustainable Future via Resource-Efficiency"
Date: 16 November 2024
Time: 9:00 - 10:30 AZT
Location: Conference Hall SE5 “Nasimi”, Blue Zone, Nasimi, COP29 venue, Baku, Azerbaijan
This is a high level ministerial event of the UN Azerbaijan-Pavilion of the UNFCCC COP29.
Organizer: COP29 Presidency of the Republic of Azerbaijan, the United Nations Environment Programme (UNEP) and the Economic Cooperation Organization (ECO).
Objectives: The goal of the Ministerial Meeting is to shed light on the potential impact that materials efficiency and more broadly, circular economy approaches can have on the drivers of GHG emissions, i.e. the way we design, make, use and dispose of products.
More specifically the event will:
- Build knowledge on opportunities and challenges concerning circular transition, particularly the key factors to be considered to make a transition to a resource efficient and fair circular economy;
- Explore relevant tools, mechanisms and leading innovative practices, and present examples of diversification and sustainable management of resources, and integration of circular solutions to different sectors globally that could be replicated and adapted in the regional and national contexts;
- Showcase some inspiring examples from countries that are leveraging circular economy to raise climate ambition, including through their NDCs;
Expected outcomes:
- Advocate for resource efficient, sustainable and circular policies globally, manifest the importance of enhancement of regional ownership, bridging interregional nodes across the globe and consolidating a network of regional platforms that advocate circular transition.
- Launch of the RESCUE Initiative, a Regional Initiative on Resource Efficiency, Sustainability and Circular Economy in the ECO Region which will advocate for a just transition to a resource-efficient, circular and regenerative economy, and support coherent policies for circularity and more sustainable management of natural resources.
- Release of a Joint Declaration on Baku Resource Efficiency and Circularity Agenda. The document will have a non-binding and declarative character. Open for any stakeholders (countries, international governmental and non-governmental organizations, businesses, academia, various entities, fora, initiatives, etc.).
