The circular economy offers solutions to climate change and biodiversity loss at source. It's time to mobilise financing to accelerate the circular economy.
While sustainable tools like green bonds and impact investing can support circularity, unlocking the circular economy's financing potential is a challenge. Cooperation between the circular community, policymakers and financial institutions is vital for progress in financing the circular transition, especially as this is still seen as potentially risky.
This will be the subject of a COP28 side event on "Accelerating the financing of the circular economy in climate and biodiversity strategies".
The event aims to:
- analyse the current challenges in scaling up circular financing,
- facilitate the dialogue between key financial actors from the public and private sectors, standardisation bodies, policymakers and circular civil society actors,
- provide key messages on the way forward.