Recycling offers host of benefits for GCC region – The Peninsula

Recycling offers host of benefits for GCC region – The Peninsula

Doha: GCC countries on average recycle little compared to developed regions like the EU and North America. The low GCC recycling rate demonstrates the enormous potential in the field, reflecting the awaiting economic, environmental and social benefits, a Circular Economy Policy Paper by invest Qatar notes.

It states with the adoption of recycling policies and strategies, GCC countries are expected to reap these benefits in the coming future.

The Circular Economy (CE) has gained momentum in different parts of the world. The concept became more popular, especially among the EU countries, in the last decade.

A growing number of people both scholars and practitioners among them see its potential as a safe route to society-wide prosperity and environmental sustainability for future generations.

Across all industries, more and more companies are adopting circular practices to minimise costs, maximise revenues and manage risks. The global pandemic expedited the shift towards CE by bringing to the fore many of the inherent risks and dysfunctionalities of the linear economy.

In June 2020, more than 50 global leaders and chief executives endorsed the circular model as a viable solution to build back better and achieve green and sustainable recovery from the COVID-19 crisis.

As a result, since the beginning of the