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India is estimated to become the fourth largest economy in the world in about two decades. This economic growth is however going to come with challenges such as urbanization with increased vulnerability (especially due to climate change), poor resource quality and scarcity and high level of unevenness in the socio-economic matrix due to acute poverty. Circular Economy offers a platform to address these issues.

The recent report by the Ellen MacArthur Foundation on India shows that a circular economy path to development could bring India annual benefits of ₹40 lakh crores (US$ 624 billion) in 2050 compared with the current development path – a benefit equivalent to 30% of India's current GDP. The Greenhouse Gas emissions (GHGs) would be 44% lower in 2050 compared to the current development path. Leave the verocity of the estimates, but indeed there is no denial that circular economy is the way forward.

Click here to view SQ 4

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India faces many environmental problems today. Our limited resources are under threat due to intensive depletion and serious degradation. Further, we realize that risks to our resource security are compounded due to looming threats of climate change. Policies and strategies to respond to these challenges need mainstreaming of sustainability across all developmental sectors.

Circular Economy offers a platform for all stakeholders to get involved for sustainable and inclusive development. In addition to addressing environmental sustainability, Circular Economy improves the businesses competitiveness, generates employment, increases green investment flows, builds on partnerships and helps in establishing a transparent and inclusive governance.

Click here to view SQ 3

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India faces many environmental problems today. Our limited resources are under threat due to intensive depletion and serious degradation. Further, we realize that risks to our resource security are compounded due to looming threats of climate change. Policies and strategies to respond to these challenges need mainstreaming of sustainability across all developmental sectors.

Circular Economy offers a platform for all stakeholders to get involved for sustainable and inclusive development. In addition to addressing environmental sustainability, Circular Economy improves the businesses’ competitiveness, generates employment, increases green investment flows, builds on partnerships and helps in establishing a transparent and inclusive governance. While there is no debate on the benefits of Circular Economy, one of the major challenges faced not just in India, but globally, is lack of leadership who can accelerate transition to circularity. Given India's ambitious programs and missions such as Awachh Bharat Abhiyan, Make in India, Smart Cities; building a leadership on Circular Economy is most timely and relevant. In this issue of the newsletter we feature the Global Leadership Program on Circular Economy that will be held in Adelaide in June, 2018 in South Australia.

Click here to view SQ 2

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Bombay Chamber of Commerce and Industry (BCCI) and Environmental Management Centre LLP have been publishing a quarterly newsletter called Sustainability Quotient (SQ) for the past four years. These newsletters have been greatly appreciated by the members of BCCI. This year onwards we decided to focus the newsletters on the subject of Circular Economy. The newsletter will be issued bi-monthly carrying 10 pages as against the earlier SQ that was quarterly with 16 pages.

Today, Circular Economy (CE) has attained a significant international attention. CE encourages “circularity” of the material and energy flows through Reduce, Reuse, Recycle, Repair, Refurbishing and Remanufacturing. It makes governance effective, businesses more competitive, generates employment, increases “green investment” flows and stimulates innovation. Importantly CE helps to achieve environmental sustainability while improving the sustainability quotient.

Click here to view SQ 1

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