JAKARTADAILY.ID - The G20 Forum paid special attention to the circular economy concept, as the idea to regenerate resources, and more sustainable consumption and production pattern is seen as one of the potential solutions for global recovery after the Covid-19 pandemic disrupted the world's economy.
The term "circular economy" comes from the idea that resources, when adequately treated and regenerated, can become a source of sustainable economic growth, supported by eco-innovations whilst preserving natural capital, as the Economic Research Institute for ASEAN and East Asia (ERIA) explained in its official website.
ERIA reported that in September it held a hybrid workshop with a chosen topic of "Circular Economy for a Stronger Recovery: A Just Transition Agenda for G20."
This workshop was held in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Indonesian Research Institute for Decarbonization (IRID), and the Global Solutions Initiative (GSI).
ERIA is an international organization established in Jakarta, in 2008 by a formal agreement among leaders from 16 countries in the East Asian region.
Its mission is to conduct research activities and make policy recommendations for further economic integration in East Asia.
According to ERIA's report, the September workshop discussed how the circular economy is compared with the linear economy. The first promotes greater collaboration between economic actors and can become a powerful force for climate change mitigation, biodiversity conservation, and local pollution impact reduction.
The workshop, which had Mr. Koji Hachiyama, ERIA’s Chief Operating Officer, addressing the welcoming remarks, also highlights some issues on how to be "critical" in identifying opportunities to shift swiftly towards a more just, equal, and circular society, instead of going back to linear, wasteful, and inherently fragile supply chains.