Using blockchain, the standard incentivises recycling activity globally, enabling firms to receive credits and meet sustainability targets
During the United Nations Environment Program’s Second Session of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-2) in Paris, BEEAH Group, the International Solid Waste Association (ISWA), and the management consultancy Roland Berger signed a Memorandum of Understanding (MoU) to collaborate on a ground-breaking global standard for waste recycling that has been endorsed by the UAE Ministry of Climate Change and Environment (MoCCaE).
Developed using blockchain technology, the platform aims to facilitate collaboration between jurisdictions and enable transparency across the waste management value chain.
The platform will create a global market-based incentive scheme and standard measure for recycling recognition and rewards, which will bridge the gap between the global sustainability agenda and the private sector and push the transition towards a global circular economy, said the parties in a statement.
The dedicated marketplace, to be revealed during the upcoming 28th United Nations Climate Change Conference (COP28), will connect waste producers and waste management providers to create a virtuous loop.
The partnership is currently developing the standard’s framework and technology. The platform will be revealed at COP28 in Dubai between November 30 and December 12, 2023.
Organisations which recycle waste with verified sustainable waste management providers receive Voluntary Recycling Credits (VRC). The use of the platform enables them to track the recycling activities in a transparent and standardized process and helps to realise their sustainability targets.
The MoU was signed by Firas Wahbeh, chief marketing officer, BEEAH Group, Carlos RV Silva, president, ISWA, and Hani Tohme, managing partner at Roland Berger Dubai.
The signing took place in the presence of His Excellency Essa Abdulrahman Al Hashmi, Assistant Undersecretary, Sustainable Communities Sector, UAE Ministry of Climate Change and Environment, and Rahma Alshamsi, Lead – Hard-to-Abate, Energy Transition Team, COP28 Committee, UAE Climate Envoy.
“BEEAH Group has been working relentlessly towards a zero-waste to landfill future, which we see as closely linked to fulfilling the UAE’s Net Zero by 2050 Strategic Initiative and broader sustainability agenda,” said Khaled Al Huraimel, Group CEO of BEEAH Group.
“We are proud to work with MoCCaE, ISWA and Roland Berger to develop the VRC platform, which will enable us to create new, sustainable efficiencies across businesses and industries when it comes to waste management. This new recycling standard will make positive impact for sustainability targets within the UAE and globally. While incentivising recycling and making large scale impact on creating a circular economy, we are also innovating to add new value to organisations that are managing their waste sustainably, enabling them to offset emissions and track their contributions to the national sustainability agenda.”
Known for its zero-waste strategies and sustainability-driven technologies, BEEAH Group’s integrated waste-management and clean energy strategies have set records for waste collection and landfill waste diversion in the Middle East.
Recently, BEEAH Group increased landfill waste diversion rate in the emirate of Sharjah from 76% – through sustainable waste management and material recovery – to over 90% through the Sharjah waste-to-energy plant, a project of its joint venture with Masdar.
During COP26 in Glasgow, the UAE became the first nation in the Middle East to announce its Net Zero by 2050 Strategic Initiative. The following year, during COP27 in Sharm El Sheikh, the UAE also unveiled its pathway to achieve Net Zero by 2050. The VRC standard is being developed ahead of COP28 in Dubai to help drive the UAE’s climate ambitions and serve as a new global model to accelerate towards net-zero targets while creating a circular economy.
In March 2023, the International Panel on Climate Change (IPCC) highlighted that contributions from the waste management sector could result in the mitigation of 1.8 Gt (gigatonnes) of CO2 emissions every year. This is possible through innovations across the waste management value chain and limiting the usage of resources to manufacture virgin materials such as plastic.
“There is a need to integrate action and to provide consistent solutions. Today, I am very happy to announce the launch of a new global initiative, promoted by the UAE and our partners, BEEAH and Roland Berger, linking the topics that are currently being discussed at INC-2 in Paris on plastics pollution with the climate change negotiations that will happen during COP28 in Dubai”, said Carlos RV Silva, President, ISWA.
Driven by MoCCaE’s strategies and vision for the UAE Net Zero by 2050 Strategic Initiative, the standard will bring together BEEAH Group’s expertise in waste management, sustainability and digitalisation, ISWA’s competencies and large-scale impact on the circular economy globally and Roland Berger’s leadership in developing circular economy solutions to mitigate climate change, enabling innovative technology and coalition.
“For the first time in history, the waste management sector is offering a scalable solution to reduce carbon emissions, track material flows, and create a self-sustaining financing system to upgrade recycling infrastructure globally,” said Hani Tohme, Managing Partner at Roland Berger Dubai.
“This ambition is being promoted by an innovative coalition formed under the leadership of the UAE, bringing together all the necessary expertise to make a massive contribution to the Paris agreement. We look forward to putting waste management on the radar this year at COP28 and demonstrating the sector’s untapped potential to reduce emissions.”