EU invests 3.7 million Euro to support Green and Circular Economy in Lebanon

EU invests 3.7 million Euro to support Green and Circular Economy in Lebanon

NNA - European Union (EU) has allocated 3.7 million euros to fund 2CIRCULAR, a project implemented by the United Nations Industrial Development Organization (UNIDO) in partnership with the Ministries of Industry, Economy amp; Trade, Environment, and Finance and in cooperation with the Association of the Lebanese Industrialists (ALI) and the Federation of the Chambers of Commerce, Industry and Agriculture (FCCIAL).

On June 22, 2023, UNIDO presented the 2CIRCULAR roadmap to EU representatives, UN agencies, ministries representatives, and various stakeholders from the food and beverage sector. In addition, representatives from national and international financing institutions, development organizations, service and technology providers, and academia were present.

The ldquo;2CIRCULAR Actionrdquo; Event, was held from 10:00 am to 13:30 pm at the Movenpick hotel. Several presentations, a Qamp;A session on eligibility criteria for businesses to access support, and the opportunity for securing additional funding for circular and green production were heard by the diversity of stakeholders and targeted beneficiaries. In total, the 2CIRCULAR project aims to partner with over 50 food and beverage companies to create momentum for green and circular production in Lebanon. As part of the project intervention, a total of EUR 280,000 will be awarded as in-kind grants of 15k and 40k to