BEEAH, ISWA and Ronald Berger partner to develop the first certified global standard for recycling credits in support of the UAE’s COP28 ambitions.
The new standard will use blockchain to incentivise recycling activity globally, allowing organisations to receive recycling credits and work towards sustainability targets.
The landmark signing happened during the United Nations Environment Programme’s second session of the intergovernmental negotiating committee on plastic pollution in Paris.
Collaboration for global recycling standard
The three companies entered a Memorandum of Understanding (MoU) to collaborate on developing the first-of-its-kind global standard for waste recycling that has been endorsed by the UAE Ministry of Climate Change and Environment (MoCCaE).
The MoU was signed by Firas Wahbeh, Chief Marketing Officer, BEEAH Group, Carlos RV Silva, President, ISWA, and Hani Tohme, Managing Partner at Roland Berger Dubai.
The platform aims to create a global market-based incentive scheme and standard measure for recycling recognition and rewards.
Khaled Al Huraimel, Group CEO of BEEAH Group said, “BEEAH Group has been working relentlessly towards a zero-waste to landfill future, which we see as closely linked to fulfilling the UAE’s Net Zero by 2050 Strategic Initiative and broader sustainability agenda. We are proud to work with MoCCaE, ISWA and Roland Berger to develop the VRC platform, which will enable us to create new, sustainable efficiencies across businesses and industries when it comes to waste management.
“This new recycling standard will make positive impact for sustainability targets within the UAE and globally. While incentivising recycling and making large scale impact on creating a circular economy, we are also innovating to add new value to organisations that are managing their waste sustainably, enabling them to offset emissions and track their contributions to the national sustainability agenda.”
“There is a need to integrate action and to provide consistent solutions. Today, I am very happy to announce the launch of a new global initiative, promoted by the UAE and our partners, BEEAH and Roland Berger, linking the topics that are currently being discussed at INC-2 in Paris on plastics pollution with the climate change negotiations that will happen during COP28 in Dubai”, said Carlos RV Silva, President, ISWA.
Hani Tohme, Managing Partner at Roland Berger Dubai said: “For the first time in history, the waste management sector is offering a scalable solution to reduce carbon emissions, track material flows, and create a self-sustaining financing system to upgrade recycling infrastructure globally. This ambition is being promoted by an innovative coalition formed under the leadership of the UAE, bringing together all the necessary expertise to make a massive contribution to the Paris agreement. We look forward to putting waste management on the radar this year at COP28 and demonstrating the sector’s untapped potential to reduce emissions.”
The platform will officially be revealed at COP28 in Dubai between November 30 and December 12, 2023.
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