Using the blockchain, the new standard will authenticate and incentivise recycling activity
The BEEAH Group, the International Solid Waste Association (ISWA), and the management consultancy Roland Berger have recently entered 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).
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 HE Essa Abdulrahman Al Hashmi, Assistant Undersecretary, Sustainable Communities Sector, UAE Ministry of Climate Change and Environment, and Rahma Alshamsi, Lead, Energy Transition Team, COP28 Committee, UAE Climate Envoy, a press communiqué indicated.
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.
“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,” stated Khaled Al Huraimel, Group CEO, BEEAH Group.
“There is a need to integrate action and to provide consistent solutions. I am very happy to announce the launch of a new global initiative, promoted by the UAE and our partners, BEEAH and Roland Berger,” observed Silva.
“We look forward to putting waste management on the radar this year at COP28 and demonstrating the sector’s untapped potential to reduce emissions,” noted Tohme.
