Azerbaijan Has Great Opportunities For Waste Recycling Activities - IFC
Date
6/28/2024 2:17:32 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 28. There are great
opportunities for activity in waste recycling in Azerbaijan,
representative of the International Finance Corporation (IFC) in
Azerbaijan Aliya Azimova said during the international forum "Green
World Solidarity: Waste to Value for a Sustainable Future",
Trend reports.
According to Azimova, financial incentives for companies to
recycle waste and follow the model of a closed economic cycle are
possible through the development of carbon credits and certificate
markets.
She mentioned that a special Extended Producer Responsibly (EPR)
program should operate concerning producers, and every company
producing one or another product should be interested in a closed
production cycle.
"There is a special platform within the IFC that explains the
nuances of cycling, and representatives of the private sector and
government can find the necessary recommendations on this
platform," Azimova noted.
She stated that there are great opportunities to recycle waste
glass, plastic, and metal to produce compost for the agricultural
sector or other types of products.
"Also, waste recycling provides an opportunity to generate
electricity, which reduces greenhouse gas emissions and develops a
"green" economy.
Relevant large-scale projects have been implemented in Brazil
and India. Azerbaijan also has great opportunities for activity in
waste recycling and effective waste management," the representative
of the IFC emphasized.
She also added that every year there is an average of 2 billion
tons of waste in the world, and forecasts indicate that by 2050
this figure may increase by 70 percent if urgent steps are not
taken to recycle waste and actively implement a closed-cycle
economy.
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