Amitabh Kant predicts that the circular economy will gain momentum during India's G20 chairmanship.

New Delhi, India, November 25, : India's long-term low-emission development agenda for meeting the climate targets and ensuring sustainable development takes account of current production and consumption approaches, according to Kant, who spoke at the sixth edition of the FICCI Circular Economy Symposium 2022.During our G-20 presidency, we will put a lot of emphasis on giving a push to the circular economy agenda in order to reach a consensus on key topics.Kant was quoted as saying in a FICCI statement that the G20 provides opportunities by pushing the circular transition, and that FICCI will have to play the key role in many of G20's discussions.In a circular economy, products and services are designed and manufactured in such a way that they may be repurposed, rebuilt, re-manufactured, or recycled at the end of their life cycle, thereby avoiding waste generation.

Further, Kant stated that transitioning to a fully circular economy in a decade will require urgent and large-scale intervention from all directions of society.We make sure that rules are not become burdensome and that there are cross-cutting issues that will be identified and addressed.We will promote it by establishing business models and startups, as well as a circular economy approach.It has to be a part of innovation, a component of the business model, and that everything we produce becomes an input into another thing we produce, he said, implying backward and forward links.In 2022, the Ministry of Environment and Forests adopted Extended Producers Responsibility for used tires, batteries, and new regulations for e-wastes and plastics.

Climate change and material use are closely linked, he said, because circular economy approaches ultimately prioritize material value retention and reduce excess consumption; they can be extremely effective at lowering greenhouse gas emissions.