LONG-TERM OUTCOME: In collaboration with ICDK, build a decision-making “transition toolkit” for Indian businesses and policymakers to transform to biocircularity based on a proven pilot and a sustainable business model within at least one of the selected application areas.
WE ENVISION AN INDIA...
There are emerging issues regarding the transition of Indian economies to biocircularity, including a slow shift of businesses to circularity and to achieving the UN Sustainable Development Goals (SDGs). There are also individual and collective behavioural issues surrounding waste and pollution and an associated lack of monitoring and enforcement of policies for waste treatment and discharge. At the same time, increased population and incomes, unequal financial allocations, social inequities, community exploitation, and insufficient climate risk assessment for integrated policy and financial decisions have led to a lack of production capacity with acceptable bounds on negative externalities. All these factors have led to risks to human health, groundwater contamination, negative impacts on biodiversity and food security, an increase in antimicrobial resistance (AMR), and more non-biodegradable waste in our lands and waters, such as plastic.
Biocircular economies offer market-driven support to ensure that onehealth, regenerative agriculture, and ecosystem valuation approaches are resilient and sustainable. We need to strengthen business ventures for climate action and sustainability regarding biocircularity and articulate robust action that addresses economic inequality and environmental degradation through a practical decision framework. Decisions should also be driven by scientific assessment for sustainable development that involves all stakeholders through continuous dialogue. We must adopt technologies to ensure robust implementation and address last-mile vulnerabilities. In particular, if sustainable business models are researched and ground-truthed for the Indian context, they become available for “money with attached metrics” such as Environmental & Social Governance (ESG) and climate impact requirements. These impacts can lead to a market-driven valuation of ecosystems and sustainable redistribution of capital to positivively influence all our chosen topics of interest.
Engage stakeholders to develop sustainable Indian business models focusing on closing nutrient loops in the selected industries
Learn about current players and issues facing biocircularity in India. Meet key stakeholders, understand their motivations and values in order to develop a business case that can be adapted to their needs and evaluated through active testing.
Business case for the
plastic, water, or
textile industry with a
focus on closing
Baseline survey of selected Indian industries from source generation to closing the loop, including consumer demands and needs
Identify and assess current data, methodologies, and policies surrounding biocircularity. Gather key information from public and private organizations in India and the world.
in the plastic, water,
and/or textile industry
Meta-analysis of policies, practices, and technologies to create a go-to-market strategy to promote consumer and public action on biocircularity
Evaluate current practices, policies and strategies for biocicularity to inform consumer and public action as well as encourage circular sourcing, production, and reuse.