Waste Recycling and Climate Change 2025 Conclave

Current Context: The Waste Recycling and Climate Change 2025 conclave was held on February 18, 2025, organized by the Recycling and Environment Industry Association of India (REIAI).

• The event took place in New Delhi and was chaired by Union Minister Bhupender Yadav.
• The theme of the conclave was "Industry-wide adoption of Circular Approaches for Sustainable Growth and Resource Efficiency," aiming to shift from a linear to a circular economy, promoting recycling and sustainable practices.
• One of the important highlights was the circular economy's market value, expected to reach $2 trillion by 2050 and create 10 million jobs.
• The event emphasized the importance of innovative technologies and best practices for environmental sustainability and aligning with the national vision of Atmanirbhar Bharat.

Question:

Q.1 According to the Waste Recycling and Climate Change 2025 conclave, what is the estimated market value of the circular economy by 2050?
a) $1 trillion
b) $2 trillion
c) $5 trillion
d) $10 trillion

Answer: b)  The conclave highlighted that the circular economy market value is expected to reach $2 trillion by 2050, showing the economic potential of sustainable practices.