Leading advocates of the so-called circular economy from the three Baltic States signed a memorandum of understanding on Monday at the Nordic Circular Summit. They agreed to accelerate the transition toward a circular economy and to identify collaborative solutions to ensure a more sustainable future.
Countries and companies face an increasing need to ensure more environmentally friendly and sustainable activities. The sharp and costly increase in resource consumption has called for circular economy solutions and enhanced co-operation.
“The circular economy is an essential direction for the future, and there is simply no alternative,” says Erik Puura, deputy rector for entrepreneurship at TalTech. “It is important to learn from one another, to share experiences and to create plans that are greater, more impactful and more powerful thanks to collaboration. The Baltic Circular Hotspot was created specifically for this purpose – to serve as a regional connector for researchers and organisations. This has been crucial for us and for all of our partners.”
The Baltic Circular Hotspot (BCHS) is a collaborative platform aimed at strengthening co-operation between Nordic and Baltic countries in the area of the circular economy. The BCHS hopes to raise awareness about the potentials of a circular economy, to disseminate information across the sector, to initiate impactful projects among partners, and to support policy development and legislation so as to leverage the best practices of the Nordic countries. The BCHS is an integral part of the Nordic Circular Hotspot initiative.
The initiative has backing from leading public and private institutions in the Baltic States and the Nordic region, including the Tallinn University of Technology (TalTech), the Corporate Social Responsibility Platforms of Latvia and Estonia, the Kaunas University of Technology, the BA School of Business and Finances, the Nordic Circular Hotspot, Natural State AS, Lava, Rimi Baltic and CleanR Grupa.
Source: BNS
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