UN Launches Challenge Fund for Circular Economy Businesses in Seychelles

During her address at the launching ceremony, the United Nations resident coordinator for Seychelles and Mauritius, Lisa Simrique Singh said,"The Challenge Fund aims to support businesses working towards diverting the volume of waste being landfilled by opting for reuse, recycle, or reduce wastage. By promoting these 3Rs, the Fund will help not only in creating new jobs for women, youth and disabled but also reduce the reliance of Seychelles on imports.

This fund is part of a bigger project that aims to promote a circular economy for waste management in Seychelles. The country generates an average amount of 80,000 tonnes of waste annually, with the primary landfill expected to reach full capacity by 2025. Faced with the problem of scarcity of land, the country will need to adopt a sustainable solid waste management system.

At the launch, a validation workshop also took place where many stakeholders from different sectors discussed the Seychelles Circular Economy Roadmap and Action Plan. "For instance, transitioning to the circular economy can help to reduce global CO2 emissions by more than 80 percent by 2060 and the annual volume of plastics flowing to the oceans by over 80 percent. In addition, the circular economy can be a driver of economic growth with the potential of creating 7 to 8 million new jobs worldwide.

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