Extended producer responsibility (EPR) and carbon credits are market-based environmental protection tools that put financial returns as the engine for sustainable change.
2022 marks the first year the revised Law on Environmental Protection (LEP) 2020 came into effect, and also the first year Vietnam has lots of drastic actions to realise its commitments to bring net emissions to zero at COP26.
Consensus include pressing plans to establish Thailand’s first collaborating consortium for net-zero innovation development. This seeks to pool know-how, technologies from international parties and is expected to roll on by the end of this year.
At the conference to kick off the National Action Plan on circular economy, UNDP Viet Nam resident representative Caitlin Wiesen shared some recommendations for Vietnam to drive forward a circular economy for net zero.
Having modern technology and high-skilled labour, Duy Tan Plastic enters the high risk recycling industry with high confidence.
Mondelēz Kinh Do affirms it is willing to cooperate with other companies to find solutions that benefits environment, aiming at realizing circular economy model.
Significant challenges remain in terms of gaining widespread buy-in from manufacturers to use of recycled materials instead of virgin raw materials.
Despite the growing attention to circular economy in the public, the shift to business models seems to progress slowly.
Most circular economy initiatives are individual projects focused on physical materials and resources.
Education is an effective method to change people's awareness of environment, leading to more resources to applying circular economy model.
