EU allocates 3.7 million euros to support Lebanons green and circular economy

EU allocates 3.7 million euros to support Lebanons green and circular economy

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2023-06-24 | 01:59

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EU allocates 3.7 million euros to support Lebanon's green and circular economy

In a bid to promote sustainable practices and foster green and circular production in Lebanon, the European Union (EU) has committed 3.7 million euros to fund the 2CIRCULAR project. 

This initiative is being implemented by the United Nations Industrial Development Organization (UNIDO) in partnership with the Ministries of Industry, Economy and Trade, Environment, and Finance, and in partnership with the Association of the Lebanese Industrialists (ALI) and the Federation of the Chambers of Commerce, Industry, and Agriculture (FCCIAL). 

The 2CIRCULAR project aims to create a transformative impact by partnering with over 50 food and beverage companies in Lebanon. Its main objective is to establish green and circular production momentum, encouraging businesses to adopt sustainable practices and prioritize resource efficiency. 

As part of the project's intervention, a total of EUR 280,000 will be awarded in the form of in-kind grants of 15k and 40k to ten companies demonstrating their ability to become resource-efficient and circular economy champions in the country. 

Building on the success of the EU-funded MED TEST program, which has already supported 15 Lebanese companies, the 2CIRCULAR project seeks to advance investments in resource efficiency and cleaner production