Central Idea
- The Resource Efficiency Circular Economy Industry Coalition (RECEIC) was launched with 39 multinational corporations committing to resource efficiency and circular economy principles.
What is RECEIC?
- Foundation: The RECEIC, conceived during India’s G20 Presidency, is an industry-led initiative with a global focus on promoting resource efficiency and circular economy practices
- Objectives: It aims to address environmental issues arising from waste, such as plastics, microplastics, e-waste, and chemical waste.
- Participation: 39 multinational corporations from sectors such as steel, FMCG, and electronics joined RECEIC’s launch.
- Leadership: The coalition will be industry-led, with the government playing a supporting role.
- Focus: The coalition aims to address environmental challenges arising from different types of waste through resource efficiency and circular economy principles.
- Presence: Ministers from Mauritius, Denmark, Italy, Canada, UAE, France, and the European Union attended the event.
India’s measures in this regard
- In 2021-22, India generated around 41 lakh tonnes of plastic waste, with 30 lakh tonnes allocated to registered recyclers and plastic waste processing units.
- The Plastic Waste Management (Amendment) Rules, 2022, established Extended Producers’ Responsibility (EPR) guidelines to manage plastic waste effectively.
- Plastic waste processors generated 2.6 million tonnes of EPR certificates, and purchased approximately 1.51 million tonnes of those certificates for 2022-23 obligations.
