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Business Standard
2 days ago
- Business
- Business Standard
Training, secure supply chains key to success of circular startups: Report
Good training and mentoring, helpful government policies and keeping supply chain data secure are among key factors that help "circular startups" succeed, according to a report by Indian Institute of Management (IIM), Lucknow. Circular startups are businesses that are designed from the start to reduce waste, reuse materials, and make efficient use of natural resources, rather than the traditional "take-make-dispose" model. The research published in the Business Strategy and Environment journal offers insights into the key factors that help such startups succeed. According to Suresh Jakhar, Professor, Operations and Supply Chain Management, with rising global temperature and fast-depleting natural resources, this study offers insights into circular models that have become critically important. Projections show that global usage of natural resources is expected to double by 2050, posing serious environmental and economic risks. "The Circular Economy (CE) and Industry 4.0 (I4.0) have emerged as highly pertinent topics for both academic research and industrial practice in recent years. Given that many CE start-ups leverage I4.0 technologies, understanding their success factors is crucial," he told PTI. "The findings of this research offer a roadmap for entrepreneurs, managers, and policymakers, facilitating the development of successful I4.0-powered CE start-ups, added Jakhar. Krishna Chandra Balodi, Professor, Strategic Management, IIM Lucknow, explained that the circular economy emerges as a viable solution through its focus on reuse, recovery of resources and reduction in waste. "However, only 7.2 per cent of the global economy follows this model which indicates that it is imperative for companies to adopt sustainability at the very beginning of their processes," said Balodi. With a particular focus on these kinds of startups, the IIM Lucknow research team studied Industry 4.0 startups which integrated cutting-edge technologies like smart sensors automation, real-time data processing and interconnection into their operations for enhanced circularity. To identify the factors that influence success of circular startups, the research team combined literature review, expert insights, and structured decision-making methods. The team identified 23 critical success factors and organised them into a practical framework that can help entrepreneurs, business leaders, and policymakers support the growth of these ventures. Some of the most important factors that founders can focus on to help their startups grow and be profitable include -- having a clear circular business model, building the right technical skills, keeping supply chain data secure and transparent, working with other businesses. "This study reveals the Critical Success Factors (CSFs) for Circular Economy (CE) startups powered by Industry 4.0 (I4.0) technologies, offering a clear roadmap for success. "After identifying 23 key factors, we ranked them by priority and found the top five to be-- Innovative Circular Business Models, I4.0-Related Technological Competency, Information Security, Privacy and Transparency, Inter-Supply Chain and Inter-Sector Eco-Friendly Partnerships, and Collaboration Across Various Functions," said research scholar Sagnika Dutta. In addition, the study also pointed to several external drivers that influence a startup's chances of long-term success. These include -- access to funding, good training and mentoring facilities, helpful government policies and demand for circular products. "By strengthening these external conditions, governments and industry leaders can create a more supportive environment for circular innovation in India," Dutta said. To help stakeholders prioritise their actions, the researchers ranked the success factors in order of importance and examined how different factors influence one another. "For instance, access to finance and physical infrastructure emerged as foundational drivers that enable progress in many other areas, such as skill development, collaboration and innovation," Dutta said.
Zawya
4 days ago
- Business
- Zawya
"Emirates Environmental Group" supports the Circular Economy through a leading dialogue on waste valorisation
Habiba Al Mar'ashi: 'Waste is a valuable resource that drives innovation and economic opportunities.' Dubai, UAE – The Emirates Environmental Group (EEG) successfully organised its 3rd Panel Discussion of the year under the powerful theme: 'Your Waste, My Treasure: Advancing Circular Economy through Waste Valorisation.' The event that took place on 25th June 2025 was hosted by Dubai Chambers, it brought together a diverse group of experts, youth, and sustainability stakeholders to explore the transformative role of waste valorisation in achieving a circular economy in the UAE and the wider region. The event opened with EEG's renowned Inter-School Debate between member schools of the Emirates Environmental Group which was launched earlier in the year, where students enthusiastically debated the motion: 'Waste Valorisation: A Key to Achieving Circular Economy in the UAE and Beyond?' Representing the Proposition, The Millennium School, Dubai argued that, 'Waste valorisation enables resource efficiency, reduces landfill dependence and is central to closing the loop in a circular economy.' Speaking for the Opposition, JSS International School, Dubai countered, 'Waste valorisation alone is insufficient; without systemic change in consumption, design and infrastructure, circularity cannot be fully achieved and realised.' This engaging youth segment reflects EEG's strong commitment to environmental education and to nurturing the next generation of sustainability champions. While the expert panel discussion brought together a stellar lineup of natinal and regional sustainability thought leaders and innovators, including Mr. Tim Clarke, CEO of Warsan Waste Management Company; Ms. Ceylan Üren, Co-Founder & Chief Development Officer of The Waste Lab; Dr. Udayan Banerjee, Advisor to the CEO of Cleanco Waste Treatment LLC; Prof. Mohammednoor Al Tarawneh from UAE University; Ms. Muna Al Nahdi, Director of Sustainability & Consultancy at FARNEK; Eng. Ahmed Moosa Alkhajeh, Head of Waste Project Design and Implementation Section - Waste Strategy and Projects Department, Dubai Municipality; and Dr. Daker AlRabaya, CEO of Waste Processing & Recycling Business at BEEAH Group. The session delivered a breadth of ideas, with dynamic, back-and-forth exchanges that elevated the discussion beyond expectations. Speakers shared sector-specific updates, highlighted key challenges, and explored the potential for cross-sector collaboration—captivating the audience and sparking significant interest. They addressed not only the complex issues surrounding waste management but also constructively challenged and supported one another's viewpoints, contributing to a dialogue that was open, inclusive, and free from bias. A robust audience Q&A segment followed, with questions coming from attendees of all backgrounds, including engaged high school students. If not for time constraints, the discussion could have continued well beyond the allotted hour, as each speaker had more to contribute. The discussion witnessed attendance from private sector, government agencies, schools, media, VIPs and foreign dignitaries. 'The conversation during the panel discussion was a vital step towards mobilising actionable solutions to ensure that waste is no longer seen as a burden, but as a valuable resource that drives innovation, economic opportunity, and environmental resilience,' said Mrs. Habiba Al Mar'ashi, Co-Founder & Chairperson of EEG who moderated the session. She added: 'Bringing together voices from industry, government, academia and youth created a collaborative platform to accelerate the region's transition to a truly circular economy.' Throughout the session, participants explored the environmental, economic and social impacts of waste valorisation, the development of cutting-edge technologies such as the Warsan Waste-to-Energy facility, and Dubai's bold vision to achieve zero landfill by 2030. The dialogue underscored the UAE's role as a regional pioneer in embedding circular economy principles into national sustainability frameworks. Key themes that emerged during the discussion included the importance of public-private partnerships in accelerating the shift from waste to resource; the growing relevance of innovative reuse, recycling and upcycling models; and the central role of policy, behavioural change and education in enabling circularity. Experts also stressed the need for robust metrics, system design, and investment in innovation ecosystems to scale up impact and achieve long-term sustainability goals. Aligned with the United Nations Sustainable Development Goals, particularly Goal #9: Industry, Innovation and Infrastructure, Goal #11: Sustainable Cities and Communities, Goal #12: Responsible Consumption and Production, Goal #13: Climate Action, and Goal #17: Partnerships for the Goals, this panel reaffirmed the urgent need for integrated, inclusive and forward-thinking approaches to address global environmental challenges and unlock a regenerative, circular future for the UAE and beyond. This impactful forum was made possible through the generous support of McDonald's UAE and Accenture, who served as the Main Sponsors—demonstrating their long-standing commitment to environmental responsibility and sustainable innovation. Farnek contributed as the Support Contributor, reinforcing their leadership in environmental solutions. The event also benefited from the hospitality of Al Khoory Hotel, who provided catering services, and was enriched by the ongoing collaboration with EEG's Panel Discussions Partner, the Arabia CSR Network. Additional support came from prominent organisations including the Emirates Green Building Council, the Clean Energy Business Council, and the Swiss Business Council, showcasing a unified drive toward cross-sector environmental impact. Emirates Environmental Group (EEG) is a professional working group established in 1991 in the United Arab Emirates. It is devoted to protecting the environment through the means of education, action programmes and community involvement. EEG is actively encouraged and supported by concerned local and federal government agencies. It is the 1st environmental NGO in the world to be ISO 14001 certified and the only organisation of its kind in the UAE with accredited status to the United Nations Convention to Combat Desertification (UNCCD) and the UN Environment Programme (UNEP). EEG is a member of the UN Global Compact, the Global Urban Development (GUD) and the Global Investors for Sustainable Alliance (GISD). It is also a member of the One Planet Network under the programme of Sustainable Food Systems (SFS) and its Multi-Stakeholder Advisory Committee (MAC) and Global Partnership on Marine Litter (GPML), EEG is a full Member (voting) of World Packaging Organisation (WPO).
Yahoo
4 days ago
- Business
- Yahoo
EU takes action against fake green marketing
The European Union's Green Claims Directive, first proposed in March 2023, marks a decisive step towards eliminating misleading environmental marketing across the single market. Aimed at combating greenwashing and enhancing transparency in product labelling, the directive is set to shape the way companies communicate their sustainability credentials. For consumers, it promises greater clarity; for businesses, a clearer set of rules to ensure environmental claims are verifiable, accurate, and standardised across the EU. At the heart of this initiative is the goal of making green claims trustworthy. As sustainability becomes a key selling point for products ranging from cleaning detergents to clothing and electronics, the EU is moving to prevent vague, unverifiable, or false eco-friendly statements—such as 'climate neutral' or 'eco-conscious'—unless backed by robust evidence. The directive aligns closely with the broader aims of the European Green Deal and the Circular Economy Action Plan, both of which seek to build a more sustainable, transparent economy. Greenwashing—the practice of making unsubstantiated or exaggerated environmental claims—has become increasingly widespread, often leaving consumers confused or misled. According to a study by the European Commission, over half of environmental claims assessed in 2020 were vague, misleading, or lacked supporting evidence. Phrases like 'environmentally friendly' or 'natural' frequently appear on packaging without any verifiable proof. The Green Claims Directive addresses this by introducing strict criteria. Under the proposed law, any company operating in the EU that markets a product or service with an environmental claim must conduct a thorough, scientific assessment based on recognised methodology. This includes disclosing the full lifecycle impact of the product, ensuring claims are not selective or misleading, and providing access to detailed substantiation. One of the directive's key features is the requirement for third-party verification. Before making any green claim public, businesses will need to submit their data to accredited verifiers for review. If approved, companies can proceed; if not, they risk fines or having their claims removed. The directive will also prohibit the use of environmental labels that are not backed by recognised certification schemes or national or EU-level verification. For businesses, the Green Claims Directive represents a fundamental shift in how sustainability is communicated. Brands must now adopt a more transparent and evidence-based approach. This includes conducting environmental footprint assessments using internationally recognised standards such as the Product Environmental Footprint (PEF) or Organisation Environmental Footprint (OEF). Retailers and manufacturers will need to maintain comprehensive documentation that supports each claim, detailing everything from raw material sourcing to manufacturing emissions and disposal impacts. The goal is to create a standardised playing field where consumers can easily compare products across the EU. Businesses that already operate within established environmental certification schemes—such as EU Ecolabel or ISO 14024—may find the transition more straightforward. However, companies using their own eco-labels or vague language will likely need to overhaul their marketing and compliance strategies. Non-compliance could result in significant penalties, reputational damage, and potential exclusion from certain markets. Small and medium-sized enterprises (SMEs) will be granted a grace period to adapt to the new rules, recognising the potential administrative burden. The European Commission has also pledged to support SMEs with guidance documents, digital tools, and access to harmonised methodologies. The ultimate aim of the Green Claims Directive is to empower consumers to make informed choices based on reliable information. By enforcing clarity and accountability, the EU hopes to foster greater trust in green marketing while pushing companies to make genuine environmental improvements. For the environment, the ripple effects could be substantial. Transparent, accurate sustainability claims create incentives for producers to reduce their environmental impact—not just for image, but to remain competitive in a market increasingly driven by eco-conscious consumers. Over time, this can contribute to reductions in carbon emissions, waste, and resource consumption, supporting the EU's broader climate targets. Consumer organisations have welcomed the move, viewing it as a long-overdue response to years of misleading product labelling. Surveys indicate that nearly 90% of EU citizens want better information on the sustainability of the products they buy. With the new directive, product comparisons will become more straightforward, greenwashing will be easier to spot, and environmental integrity will carry real weight in the marketplace. The Green Claims Directive is still progressing through the legislative process, with implementation expected across EU member states by 2026. Once adopted, it will form part of a broader framework of sustainable consumer laws, including the Directive on Empowering Consumers for the Green Transition and the Ecodesign for Sustainable Products Regulation. Businesses and marketers should prepare now by auditing existing green claims, updating their verification procedures, and aligning with credible environmental standards. The shift may be demanding, but in the long term, it will create a more level playing field and build deeper consumer trust. As climate action becomes an increasingly urgent global priority, the EU's Green Claims Directive sets a precedent that other regions may follow. Its impact will extend beyond compliance—it will change how sustainability is communicated, understood, and ultimately, delivered. "EU takes action against fake green marketing" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Business
- Yahoo
Solar Panel Recycling Market worth $1.12 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 19, 2025 /PRNewswire/ -- The report "Solar Panel Recycling Market by Type (Monocrystalline, Polycrystalline), Shelf Life (Early Loss, Normal Loss), Process (Mechanical, Hybrid), Material (Silicon, Metal, Plastic, Glass) - Global Forecast to 2030", solar panel recycling market size is projected to grow from USD 0.39 billion in 2024 to USD 1.12 billion by 2030, registering a CAGR of 19.5% during the forecast period. A number of factors are creating demand for the solar panel recycling market. Increased adoption of solar energy around the world is leading to an increasing number of end-of-life panels that need to be disposed of. Environmental regulations and government policies related to the environment, encourage the responsible disposal of solar panels by proper recycling, as well as promoting circular economy waste practices. Authorization of the environmental dangers related to the improper disposal of solar panels has led to the urgent need for the more environmentally friendly recycling of these panels. In addition, there is an economic incentive based on the recovery of materials such as silicon, silver, and aluminum from panels that have been disposed of as well. Browse in-depth TOC on "Solar Panel Recycling Market" 140 – Tables60 – Figures200 – Pages Download PDF Brochure: Polycrystalline is anticipated to be the largest segment of the solar panel recycling market, based on type, during the forecast period Polycrystalline panels accounted for the largest market share of the solar panel recycling market mainly because they are used extensively in initial solar installations and are relatively affordable to manufacture. The panels have been the most preferred type for large-scale solar installations for the last two decades, particularly in the emerging and price-conscious markets, because of their relatively lower production cost compared to monocrystalline types. Consequently, a large proportion of old and retired solar panels that make it to the recycling pipeline today are polycrystalline. Polycrystalline panels have recoverable materials like glass, aluminum, and silicon that are easy to recover, making mechanical recycling techniques more viable and cost-effective. Their less complex cell structure also makes dismantling easier, with shorter processing time and cost. Early loss is anticipated to be the larger segment of the solar panel recycling market, based on shelf life, during the forecast period Early loss accounted for the larger market share of the solar panel recycling market due to the failure and premature disposal of early-installed panels as a result of unexpected failure. Most of these early-generation panels experienced defects during manufacture, were poor-quality materials, or where installation methods were inferior, resulting in compromised performance and reliability. The rapid development of solar tech has also led some system owners to upgrade to new, more efficient panels earlier than their life expectancy, adding volumes of discarded panels. In contrast to panels reaching their typical end-of-life, early-loss panels are entering the recycling stream in greater-than-expected volumes, spurring an immediate demand for recycling solutions. Request Sample Pages: Hybrid is anticipated to be the larger segment of the solar panel recycling market, based on process, during the forecast period Hybrid recycling accounted for the higher share of the solar panel recycling market due to its ability to achieve maximum material recovery and meet the continuous demand for materials in the marketplace. Unlike pure mechanical recycling, hybrid recycling offers a way to extract a broader range using mechanical, thermal, and chemical processes and yields high-purity silicon, silver, and rare metals. Hybrid methods will be especially effective for modern, high-efficiency solar panels with more complex materials, such as monocrystalline solar panels, which have ultimately combined and integrated various technologies. As environmental regulations become stricter to promote a circular economy, hybrid recycling provides value in sustainability and economic prosperity with less waste sent to landfills, increased recovery of critical raw material, and advanced recovery choices. Additionally, with increasing investments into advances in recycling processes, hybrid recycling will be an efficient, scalable, and commercially viable commitment for businesses. Metal is anticipated to be the largest segment of the solar panel recycling market, based on material, during the forecast period Metals accounted for the largest share of the solar panel recycling market because they represent a larger share of valuable, reclaimable materials in photovoltaic panels. Aluminium, copper, and silver are some of the key metals that are used as materials in the frames of panels, wiring, and contacts and therefore find high demand in recycling processes. Aluminium frames, especially, are present in high volumes and are easy to differentiate, which allows inexpensive recycling with high rates of recovery. Silver and copper, although they occur in lesser amounts, contribute significant economic value based on their relatively high market values and usage in different industries. Metals retain their properties when they are recycled and hence reused in producing new materials, contributing to circular economy objectives. The fact that metals are relatively easy to extract compared to other intricate materials such as silicon or plastics significantly increases their dominance in the recycling industry. Request Customization: Europe is expected to be the largest region of the solar panel recycling market during the forecast period Europe holds the largest market share in solar panel recycling due to its robust regulatory framework, advanced recycling infrastructure, and an overall commitment to sustainability. European countries have established comprehensive policy frameworks and targets to manage photovoltaic waste properly, stimulating investments in specialized recycling units. The relatively early adoption of solar energy in Europe means that a significant number of panels have reached or are approaching the end-of-life, further pushing the demand for recycling facilities. The region's emphasis on circular economy principles presents further opportunities for recycling as it encourages the recovery and reuse of economically valuable materials from solar panels, such as silicon, glass, or metals, as needed. With significant levels of both, public awareness and government support promoting green initiatives, conditions appear to be favorable for a rapidly growing emerging market for solar panel recycling. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the solar panel recycling market. First Solar (US), Reiling GmbH & Co. KG (Germany), The Retrofit Companies, Inc. (US), Rinovasol Global Services B. V. (Netherlands), ROSI (France), We Recycle Solar (US), SILCONTEL LTD (Israel), Etavolt Pte. Ltd. (Singapore), PV Industries (Australia), and SOLARCYCLE, Inc. (US). Get access to the latest updates on Solar Panel Recycling Companies and Solar Panel Recycling Market Size Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting Related Reports: EVA Films Market - Global Forecast to 2029 Industrial Lubricants Market - Global Forecast to 2029 Milled Carbon Fiber Market - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. 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Al Etihad
19-06-2025
- Business
- Al Etihad
In partnership with UAE Ministry of Economy, UAE Independent Climate Change Accelerators presents 10 finalists at Launchpad's Circular Economy Cycle event
19 June 2025 13:19 ABU DHABI (ALETIHAD)Ten climate tech start-ups have presented pioneering circular economy solutions at the showcase event for the latest Circular Economy Cycle of the Launchpad, hosted in partnership with the Ministry of Economy by UAE Independent Climate Change Accelerators (UICCA).The UICCA Launchpad is designed to fast-track the growth of climate tech start-ups by providing access to funding, market opportunities, mentorship, and policy guidance. Each cycle targets a critical area of climate action, with this edition dedicated to advancing circular economy solutions that eliminate or repurpose waste across key sectors, such as food, water, energy, and ten participating companies were selected from over 150 global applicants based on the potential of their climate technologies. These include solutions in decentralised composting, textile upcycling, critical minerals recovery, industrial reuse, food waste management, and circular desalination. The showcase marked the culmination of an intensive three-month accelerator, during which the participants received expert mentorship, training, and stakeholder engagement opportunities intended to help them scale their solutions in the and CEO of UICCA, Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, said, 'True circularity challenges us to fundamentally rethink how our economy is designed, not just to reduce waste, but to regenerate systems and create lasting value. Through the UICCA Launchpad, we are backing the innovators who are turning this vision into reality. Their work is not only transforming industries but laying the groundwork for a future where sustainability and growth go hand in hand. Partnering with the Ministry of Economy allows us to amplify this impact and build the enabling environment needed for these solutions to thrive.'Assistant Undersecretary for Policies and Economic Studies Sector at the Ministry of Economy, Her Excellency Maria Hanif Alqassim, said, 'The Ministry of Economy is proud to serve as the official government partner of the UICCA Circular Economy Launchpad Programme. This initiative reflects the values we champion: cross-sector collaboration, support for scalable innovation, and the advancement of sustainable economic models. By uniting entrepreneurs, investors, regulators, and industry leaders, the programme aims to reshape our economic systems to be restorative by design. We look forward to working closely with UICCA, the private sector, and all stakeholders to turn this vision into reality.'The Circular Economy Cycle finalists included: Altera, Cauli, Circa Biotech, Desolenator, Excess Material Exchange, Food with Benefits, Novasensa, Terrax, The Waste Lab, and Yellow Octopus: Circular Solutions. These companies delivered live presentations to an audience of investors, policy stakeholders, and sustainability leaders from across the UAE. The UICCA Launchpad will continue with upcoming cycles focused on carbon solutions and climate adaptation, continuing to support the UAE's growth as a global hub for climate innovation.
