Leveraging collaboration with financial institutions to accelerate transition to circular economies

Unlocking finance is key to supporting circular policies and accompanying businesses in transitioning to more circular business models. Countries face challenges moving from circular policy design to implementation due to limited financial capacity stemming from regulatory barriers, perceived risk, uncertain returns, and a lack of international standards. Globally, traditional financing models, favouring short-term returns, often overlook the long-term benefits of circular initiatives. The side event will explore how partnering with financial institutions can drive effective, sustainable, multilateral action to accelerate the transition to circular economies. Representatives from the Global Alliance on Circular Economy and Resource Efficiency (GACERE), the Circular Economy Coalition for Latin America and the Caribbean, African Circular Economy Alliance (ACEA), CIRCULAR STEP and financial institutions will discuss how governments, through collaborations, can unlock financing solutions, ensuring that circular economy policy strategies and circular business initiatives materialise into actionable, transformative and sustainable outcomes for climate, nature and pollution. Recognising there is no one-size-fits-all approach to circularity, the side event aims to bring together a diverse array of voices and provide a platform in which regional perspectives, needs and opportunities can be discussed.
More information available here: https://www.unep.org/events/unea/leve...