Resource Efficiency Initiative

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    Resource Efficiency Initiative

  1. Resource Efficiency Initiative: For the last two decades, India is witnessing some major transformation with a rapid economic growth, an expanding industrial and service-related production, a rapid urbanization and a growing population. These have been correlated to an increased scale and intensity of resource use and extraction. It is estimated that by 2050, Indian’s total material demand will be nearly five-fold as compared to 2010 especially for metals, non-metal minerals and energy carriers. However, natural resources depletion and a constantly growing demand are causing significant social, economic, waste and environmental strain in India. The EU launched the EU-India Resource Efficiency Initiative in January 2017.
  • Project Objectives: The project’s overall objective is to support India in the implementation of the UN global Sustainable Consumption and Production (SCP) agenda. This will be accomplished by facilitating the adaption of international standards and business practices on resource efficiency. The initiative will focus on abiotic resources (metals and minerals) with three major components: AssessingIndia’s current and future use of resources. Based on the assessment studies, strategies and action plans for resource efficiency will be prepared and initiated for implementation. Facilitating partnerships and networking between European and Indian businesses and stakeholders on resource efficiency in sectors of interest. Raising awareness on the need for resource efficient approaches among key government and non-government organizations, businesses, students, media and the general public through promotion of standards and business best-practices on resource efficiency.
  • Project Vision: The project’s activities foster the efficient and sustainable use of resources in India. Four sectors have been selected for study: building and construction; e-waste and plastic waste via the role of extended producer responsibility (EPR); mobility (focus on hybrid/electric mobility); and, renewable energy (solar photovoltaics).
  • EU-Business Opportunity: The Resource Efficiency Initiative project provides business opportunities mainly for large and micro-enterprises in the sectors of mobility, building & construction, renewable energy and waste.

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