ICCE to participate in The World Circular Economy Forum 2023, a global initiative of Finland and Sitra, the Finnish Innovation Fund

ICCE to participate in The World Circular Economy Forum 2023, a global initiative of Finland and Sitra, the Finnish Innovation FundNew Delhi 13 May 2023: The International Council for Circular Economy (ICCE) will participate in the World Circular Economy Forum 2023 being held from 30 May to 2 June in Helsinki, Finland. WCEF is a global initiative of Finland and Sitra, the Finnish Innovation Fund. WCEF2023 is co-organised by Nordic Innovation and the Finnish Innovation Fund Sitra, with international partners.

ICCE will be hosting a roundtable at WCEF2023. It will be held on May 31st in Helsinki, Finland and the topic of discussion will be “Role of the Global South in Enabling a Global Circular Transition”. The roundtable will be coordinated by Shalini Goyal Bhalla, MD of the International Council for Circular Economy.
The roundtable is a closed discussion which would be attended by global key leaders and will focus on bridging the gap between the Global South and the Global North by breaking down cultural and lifestyle barriers with ideas and best practises for mapping circular policies, economic incentives, and business models.

The world is broadly divided into two economic worlds, the Global North and the Global South, which cut across the globe. The economically developed societies of Europe, North America, Australia, and Israel are represented by the Global North, whereas the economically challenged countries of Africa, India, China, and Mexico are represented by the Global South.

While the countries of the Global North are affluent, politically stable, and technologically sophisticated, with negligible population growth, the countries of the Global South are predominantly agrarian, lack diversity, and are economically dependent on the Global North.

In international trade, policies, and now the sustainability agenda, the Global North has continued to control and direct the Global South. With one-quarter of the world’s population, the global north controls four-fifths of global GDP. While the global south has a history of colonisation, they have long practised sustainable practises. These practises are necessary for survival and have relevant decentralised applicability. Poverty, social injustice, and gender discrimination have all resulted in solutions that are best suited to them.

In such a case “one size fit for all” concept of sustainability cannot be applied all around the world. International Council for Circular Economy will be highlighting the role that India can play in leading Global South in enabling a global circular transition.

On this occasion Shalini Goyal Bhalla, Managing Director International Council for Circular Economy said “Almost half of global manufacturing exports originated from the global south. Whereas the material footprint of high-income countries is 13 times the level of low-income countries. The startling difference between the production and consumption patterns needs to be considered while planning strategies and roadmaps for transitioning to circular economies. The roundtable would discuss how traditional practices along with digitisation, technology and innovation has helped Global South to leapfrog in overcoming the linear models.”

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