The Resource Efficiency Circular Economy Industry Coalition (RECEIC) was formed with the commitment of 39 global corporations to the principles of resource efficiency and circular economy.
What is RECEIC?
- The RECEIC is an industry-led project with a global focus on improving resource efficiency and circular economy practises that was conceived during India’s G20 presidency.
- Its goals are to solve waste-related environmental issues such as plastics, microplastics, e-waste, and chemical waste.
- RECEIC’s launch was attended by 39 international firms from industries such as steel, FMCG, and electronics.
- The coalition will be driven by industry, with the government providing support.
- The coalition’s primary goal is to address environmental concerns caused by various types of trash using resource efficiency and circular economy principles.
- Ministers from Mauritius, Denmark, Italy, Canada, the United Arab Emirates, France, and the European Union were present.
India’s measures in this regard
- India generated around 41 lakh tonnes of plastic garbage in 2021-22, with 30 lakh tonnes allotted to registered recyclers and plastic waste processing companies.
- The Plastic trash Management (Amendment) Rules, 2022, created rules for Extended Producer Responsibility (EPR) to properly manage plastic trash.
- Plastic waste processors created 2.6 million tonnes of EPR certificates, of which 1.51 million tonnes were purchased for 2022-23 commitments.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1943135#:~:text=As%20a%20collaborative%20platform%2C%20RECEIC,Cooperation%20and%20Finance%20for%20scale.