Multilateral Development Banks present their shared vision for circular economy at WCEF 2024 (video included)

During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) presented their Circular Economy Working Group’s emerging shared vision (link to PDF) on the role of MDBs in supporting circular economy. The shared vision was unveiled at a session titled "Shaping a global vision for circular finance" which saw Directors from the MDBs emphasise the critical role of MDB support to clients in facilitating the uptake of circular economy approaches. The MDBs recognised that circularity is important to achieving sustainable and just development in the 21st century. Ambroise Fayolle, EIB Vice-President responsible for financing…

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ADB Commits Record Climate Finance of Almost $10 Billion in 2023

The Asian Development Bank (ADB) committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet. ADB committed $9.8 billion in climate finance from its own resources last year—$5.5 billion for mitigation and $4.3 billion for adaptation—a more than 46% increase on its 2022 climate financing commitments. The bank’s climate adaptation finance commitments in 2023 mean that ADB has provided more than $10.4 billion in cumulative adaptation financing from 2019 to…

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The Circularity Gap Report 2024 is available now!

The Circularity Gap Report 2024 is available now! 👇While the circular economy grows in popularity as an alternative economic model, human consumption of natural resources is growing in tandem, causing global rates of circularity to fall year after year.In 2023, the flagship report showed that circular solutions can keep us within the healthy limits of our planet. This year, the Circularity Gap Report 2024 offers actionable recommendations to make this happen. It identifies key enablers for policy, finance and labour to accelerate progress towards the circular economy.Read the full Circularity Gap Report 2024 here:…

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