MY THANKS AND CONGRATULATIONS TO MS. MAAYKE AIMéE DAMEN FOR HER EXCEPTIONAL SISSD LESSON ON CIRCULAR ECONOMY!!

MY THANKS AND CONGRATULATIONS TO MS. MAAYKE AIMéE DAMEN FOR HER EXCEPTIONAL LESSON ON CIRCULAR ECONOMY OFFERED AT SIENA INTERNATIONAL SCHOOL ON SUSTAINABLE DEVELOPMENT!! THIS WAS ONE OF THE BEST WEBINARS I EVER ATTENDED AND I WAS REALLY GLAD TO BE A PART OF THE AUDIENCE!?

I was very impressed by the pertinent, informative and insightful presentation, containing very enlightening information, plenty of relevant case studies! I also appreciated Ms. Maayke's?generosity that agreed to extend her time with us so that she could answer a high number of questions.

One of the questions from the audience was mine: "What is the estimated total cost for circular economy projects in the world and what could be the incentives governmpents should offer to?banks and equity funds to lend / invest in such sustainable projects?"

Unfortunately, Ms. Maayke's answer confirm my conclusion regarding the current very low implication of the private sector in the financing of circular economy, green/blue sustainable development projects.

In my?opinion the governments, especially those of developing countries and of small countries (islands, for instance) can not cover by themselves the huge costs of implementing sustainable development circular economies green /blue projects.

This is why I believe governments should promote the PPP concept (Public Private Partnership) and implicitly the UN SGD 17 ("Strengthen the means of implementation and revitalize the global partnership for sustainable development") and also offer incentives (loan guarantee schemes, loan interest subsidy, profit tax exemption/reduction, etc) to the private commercial banks and equity funds in order to attract their fund for the financing of circular economy

To conclude, it was a real professional pleasure to attend the lesson presented by Mr. Maayke which managed to achieve a real know-how transfer towards the audience.?

Once again MY THANKS and CONGRATULATIONS to Ms. Maayke Aimée Dame for sharing her knowledge and experience with the audience.

My THANKS and CONGRATULATIONS goes also to the moderators Mr. Simone Cresti and to the Siena International School on Sustainable Development, to the?ASviS - Alleanza Italiana per lo Sviluppo Sostenibile,?#SantaChiaraLab?–?Università degli Studi di Siena,?the?Sustainable Development Solutions Network?(UN SDSN),?Enel Foundation, the Italian University Network for Sustainable Development (RUS) and?SDSN Europe!!!

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MAIN IDEAS OF THE LESSON:

?? ???????? ?????????? ???? ????????????:?Maayke-Aimée Damen, Director Circular Economy Director Circular Economy,?WBCSD – World Business Council for Sustainable Development, held the 6th lesson of the ?????????? ?????????????????????????? ???????????? ???? ?????????????????? ??????????????????????, April 27.

?? "I?? ???? ?????????????????? ???? ???????? ???????? ?? ???????????? ???? ?? ???????????????? ?????????????? ???? ?????????? ?????? ???? ?????????????? ????? ?????????? ?????? ???? ???????????? ????. ???????????????? ?????????????? ???? ?????????????????????? ?????? ???????????????????????? ???? ????????????. ?????????????? ???? ????????????-???????? ????????????????????, ???? ???????? ???? ???????????????? ???????????????? ?????? ???????????????? ???? ???????????? ??????????, ???????????? ?????? ??????????, ?????? ???????????????? ???????????????? ?????? ??????????? ?????????????????? ????????????????????".

“Considering that:

- 99% of the purchased products end up in the waste within 6 months

- 95% of the material value is lost after a single use

- 45% of emissions come from producing the stuff we use everyday

- Increase of the complexity of the products and more mineral intensive energy system?

- Clean energy transition require 6-time mineral demand with respect to conventional?

- Materials and in particular metal are no longer available and have recycling percentage close to 0

- EU highly dependent on metal imports from other Countries (China ?? actual problem)

- Increase in price of the materials

- Chemical pollution that create dead zone in the ocean (too little oxygen to support life)

The solution is to introduce?circular economy?mechanisms. In fact, recycling is no longer enough. We can recycle an envelope twice; the third time is no longer possible. Therefore, it is necessary to move from a linear to a circular economy in order not to destroy the value but to retain it.

Circular economy is?restorative?and?regenerative?by design. Relying on system-wide innovation, it aims to redefine products and services to create value, design out waste, and maintain resource use within planetary boundaries.

Value-retention practices?like remanufacturing, refurbishments, repair and direct reuse could cut industrial waste by 80-99% and GHG emissions by 79-99%.

Circular Economy initiative:

-?Excess Materials Exchange??? Digital platform that unlocks the potential of excess materials and products by matching them to their highest value uses.?

It works with:?

·????????Identity: through a Resource Passport it gives information about the material or product (composition, origin, toxicity or deconstructability). And through the use of tracking and tracing identifiers (barcodes, QR codes and chips) it is possible to follow the materials and products throughout their life-cycles.

·????????Intelligence: identify the maximum potential value that can be derived from a material, product or waste stream, and calculate the financial, environmental and social impacts.

·????????Matchmaking: identify the best match and reuse of the materials or the products within the network partners.?

Pilot project?(with companies like Philips, ProRail, Schiphol, DSM .. ) with the aim to find the higher value destination for reuse materials and products has allowed to:

·????????create 64 million € of financial value;

·????????save enough energy to light Paris’ street lights for 5 years;

·????????save CO2 emissions for 860.000 car rides from Amsterdam to Milan;

·????????save an amount of water equal to that needed to fill 860 olympic-sized swimming pools.

The School is organized by?ASviS - Alleanza Italiana per lo Sviluppo Sostenibile,?#SantaChiaraLab?–?Università degli Studi di Siena?and the?Sustainable Development Solutions Network?(UN SDSN), powered by?Enel Foundation, and supported by the Italian University Network for Sustainable Development (RUS) and?SDSN Europe.

#SienaInternationalSchoolSDGs?#Solutions4bettersocieties?#netzero?#ClimateAction?#decarbonization?#DecadeOfAction?#climatechange?#2030Agenda?#SDGs

Fairtrade Italia?UN Sustainable Development Solutions Network – Youth?SDSN Greece?SDG Academy?United Nations

Angelo Riccaboni?Professor Dr. Phoebe Koundouri?Carlo Papa?marcella mallen?Donato Speroni?simone cresti?Cristina Fioravanti?Patrizia Lombardi?“

Text source:?https://www.dhirubhai.net/posts/prima-italy_santachiaralab-sienainternationalschoolsdgs-activity-6925378098951532546-3RJz?utm_source=linkedin_share&utm_medium=member_desktop_web

George Florin Staicu

Independent banking, microfinance, SME lending,?ESG, UN 2030 Agenda - SDGs, European Union Green Deal, Fintech promoter, Public-Private Partnership digital green blue inclusive sustainable economies & finance, blended finance, gender equality women empowerment, circular economy, social performance, learning & development, strategic planning, risk management, consultant, trainer and business coach

Member of the International Finance Corporation?- GLC?"Directory of Training Professionals" (https://www.growlearnconnect.org/micro-app-directory?combine=staicu)

Admitted as student (March- June, 2022) at the Siena International School on Sustainable Development sponsored by the United Nations Sustainable Development Solutions Network (UN SDSN), the Italian Alliance for Sustainable Development (ASviS); Santa Chiara Lab – University of Siena; Enel Foundation; the Italian University Network for Sustainable Development (RUS) and the SDSN Europe -?https://www.dhirubhai.net/pulse/really-happy-most-important-achievements-my-career-admission-staicu/

Signatory of the International Finance Corporation - GLC Principles for Learning (https://www.growlearnconnect.org/list-signatories)

Writer on the International Finance Corporation's Grow Learn Connect Blog -?https://www.growlearnconnect.org/blogs/use-case-studies-training

Owner, creator and administrator of the LinkedIn group "Best practices in UN SDGs, EU GD, ESG, circular economy green blue sustainable development finance"?https://www.dhirubhai.net/groups/12622593

Owner, creator and administrator of the LinkedIn group "Microfinance Best Practices"?https://www.dhirubhai.net/groups/3040764/

Member of the Social Performance Task Force standards projects - responsible finance

https://sptf.info/index.php?option=com_civicrm&task=civicrm%2Fprofile%2Fview&Itemid=638&reset=1&id=19454&gid=15

https://lnkd.in/eWZgrY8k

Member of the United Nations Department of Economic and Social Affairs (UN DESA) Sustainable Development Goals (SDG) Group (https://sdgs.un.org/user/4462)

and

Member of the United Nations Capital Development Fund (UNCDF) DGROUPS -?https://uncdf.dgroups.io/account?page=profile&member_info_id=10900270

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