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YUNUS URGES FOR BUILDING CIRCULAR ECONOMY AT ONE PLANET SUMMIT

14th December, 2017

YUNUS URGES FOR BUILDING CIRCULAR ECONOMY AT ONE PLANET SUMMIT

More than 50 World Leaders Deliberate on the Second Anniversary of Paris Climate agreement in France at the One Planet Summit

Yunus Centre Press Release (14 December, 2017)

Nobel Laureate Professor Muhammad Yunus urged the global community towards building circular economy as way forward to tackle the climate change challenges at the ‘One Planet Summit’ in France. Professor Yunus made these remarks during the plenary session of the conference which was organized in the second anniversary of the adoption of the historic Paris climate agreement; the President of France Emmanuel Macron hosted a wide array of public and private sector leaders at the “One Planet Summit.”

In his remarks  he said, "An important methodology to achieve zero net carbon is social business. You asked us to talk about business not as usual. Social business is indeed business not as usual. It takes personal profit off the table. It is non--dividend company.” He shared the examples of Grameen Shakti; how social business can have tangible impact in tackling climate issues effectively and sustainably. Collectively Bangladesh has 4 million home with solar home systems now and out of the total number, 2 million are installed by Grameen Shakti. Government’s renewable energy agency, IDCOL, has been assisting to finance the solar energy outreach in Bangladesh, he added

Professor Yunus also discussed about the massive wastes our modern civilizations is generating. One such waste is plastic which he said is killing us. He highlighted a recycling initiative he is taking as social business in Vietnam with support from WWF to clean up Mekong river from plastic waste. He emphasized that we needed to recycle automobile tires too.  He mentioned that it was strange that less than 7 percent of tires are re-used. The rest create pollution. He is initiating a recycling project of tired tires too. Another issue , food waste is also a big challenge that is creating pressure on the planet. By recycling waste vegetables to bring them back into food chain can save huge natural resources. Already a big social business company Bon et Bien has been operating in France.

Professor Yunus said, “it is entrepreneurship and social businesses which will go a long way in saving the world . We should be preparing ourselves for creating circular economy. Nothing should go out of the use.”  Professor Yunus also participated in a high level panel with global energy experts during the One Planet Summit.

The Summit was co-hosted by the Secretary General of UN and the President of World Bank group.

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