Platform for Accelerating the Circular Economy
| Founded | 2018 |
|---|---|
| Type | A partnership with an independent Board of Directors, hosted by the World Resources Institute (a 501(c)(3) nonprofit organization) and previously incubated by the World Economic Forum |
| Focus | Circular economy, electronics (e-waste), plastics, food and bio-economy, business models and markets, public-private partnerships |
| Location | |
Area served | Worldwide |
| Method | A public-private collaboration platform and project accelerator |
Key people | Frans van Houten (co-chair of PACE; CEO, Philips),
Naoko Ishii (co-chair of PACE; CEO, Global Environment Facility), Dame Ellen MacArthur (Founder, Ellen MacArthur Foundation), David B. McGinty (Global Director, PACE) |
| Website | acceleratecirculareconomy |
In 2018, the World Economic Forum, World Resources Institute, Philips, Ellen MacArthur Foundation, United Nations Environment Programme, and over 40 other partners launched the Platform for Accelerating the Circular Economy (PACE; also referred to as the PACE Action Hub).[1] PACE advocates for a circular economy: "one that exchanges the typical cycle of make-use-dispose of in favour of redesign, reuse and recycling. According to the International Resource Panel, globally, nearly 90 billion tonnes of materials were consumed last year. This is predicted to double by 2050. Only 9% is cycled back into the economy, wasting an estimated $4.5 trillion in “recoverable” resources."[2]
PACE is led by a Global Director, David B. McGinty, who was the Director of Social Innovation and Technology at Palladium International.[3][4] Frans van Houten, CEO of Philips, and Naoko Ishii, CEO of the Global Environment Facility, serve as co-chairs.[5]
Projects[edit]
PACE works on (1) developing models of blended finance for circular economy projects, especially in developing and emerging economies; (2) creating policy frameworks to address specific barriers to advancing the circular economy; and (3) promoting Public–private partnership for these purposes.[6][7] PACE projects focus on various themes in the circular economy: electronics, plastics, food and bio-economy, and business models and markets.[8]
Initiatives affiliated with PACE include:[1]
- African Circular Economy Alliance, including senior representatives from the governments of Rwanda, Nigeria, South Africa, Niger, Senegal, Malawi, and the DRC[9]
- Circular Electronics in Nigeria
- Circular Electronics in China
- Capital Equipment Coalition with Philips and numerous other partners[10][11][12]
- Global Battery Alliance with over 30 partners[13][14]
- New Vision for Electronics
- Global Plastics Action Partnership, which includes the governments of Canada and the United Kingdom as well as global companies including The Coca-Cola Company, Dow, PepsiCo and Nestle[15]
- New Plastics Economy
- Cities & Circular Economy for Food
- 4th Industrial Revolution (4IR) for a Circular Economy[16]
- Scaling Circular Procurement
- Circular Supply Chain Accelerator
In January 2019, PACE released a report entitled "A New Circular Vision for Electronics: Time for a Global Reboot" (in support of the United Nations E-waste Coalition).[17][18]
Members[edit]
As of March 2019, PACE members include global corporations, governments, and non-profit organizations:[19][20]
| Companies | Governments | Other Organizations |
|---|---|---|
| ABN AMRO
Averda GEM Groupo Balboa Intesa Sanpaolo Lenzing AG MiniWiz Sunray Ventures Triciclos Veolia |
Canada
China Denmark European Commission Finland Germany Indonesia Japan Netherlands Nigeria Rwanda Slovenia South Africa United Arab Emirates |
China Association on Circular Economy
Circle Economy International Institute for Sustainable Development |
See also[edit]
Other articles of the topic Business and economics : International trade, Economics, Currency
Other articles of the topic Ecology : Biology
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References[edit]
- ↑ Hub, IISD's SDG Knowledge. "WEF Launches Public-Private Platform on Circular Economy | News | SDG Knowledge Hub | IISD". Retrieved 2019-03-12.
- ↑ "World Economic Forum Annual Meeting 2018 Report" (PDF).
- ↑ "RELEASE: PACE Welcomes David McGinty as Global Director | World Resources Institute". www.wri.org. Retrieved 2019-05-17.
- ↑ "State of the Art Partnership Awards". P4G. Retrieved 2019-05-17.
- ↑ "RELEASE: PACE Welcomes David McGinty as Global Director | World Resources Institute". www.wri.org. Retrieved 2019-05-17.
- ↑ Hub, IISD's SDG Knowledge. "WEF Launches Public-Private Platform on Circular Economy | News | SDG Knowledge Hub | IISD". Retrieved 2019-03-12.
- ↑ "The Platform for Accelerating the Circular Economy (PACE)". Sitra. Retrieved 2019-03-12.
- ↑ https://www.acceleratecirculareconomy.org/projects
- ↑ "African Circular Economy Alliance index". Platform for Accelerating the Circular Economy. Retrieved 2019-04-15.
- ↑ "Philips delivers on commitment to the circular economy at DAVOS 2019". Philips. Retrieved 2019-03-12.
- ↑ "Capital Equipment Coalition". Platform for Accelerating the Circular Economy. Retrieved 2019-03-12.
- ↑ "The Capital Equipment Pledge". The Capital Equipment Pledge. Retrieved 2019-03-12.
- ↑ "Global Battery Alliance". Platform for Accelerating the Circular Economy. Retrieved 2019-03-12.
- ↑ "Global Battery Alliance". World Economic Forum. Retrieved 2019-03-12.
- ↑ "Launch of the Global Plastic Action Partnership in Indonesia". SYSTEMIQ. Retrieved 2019-04-15.
- ↑ "Harnessing 4IR Circular Report" (PDF).
- ↑ "A New Circular Vision for Electronics" (PDF).
- ↑ "A New Circular Vision for Electronics: Time for a global reboot". Green Growth Knowledge Platform. 2019-02-10. Retrieved 2019-03-12.
- ↑ "Members". Platform for Accelerating the Circular Economy. Retrieved 2019-03-12.
- ↑ "WEF PACE" (PDF).
External links[edit]
- EU Circular Economy Strategy
- The Circle Economy
- The Product Life Institute
- The Resource Event
- McDonough Braungart Design Chemistry website
- Biomimicry Institute
- Towards the Circular Economy report
- WRAP supports a circular economy
- turntoo website
- On the New Economy website
- Moon Stone International
- Circular Society
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