The circular economy aims to minimize waste and decouple economic growth from resource consumption. It focuses on prolonging product lifespan and mitigating climate change. However, challenges include balancing environmental benefits with economic goals and addressing broader environmental issues. While promising, it requires progression and refinement to fully address sustainability and economic growth.
ACWA Power, backed by Saudi Arabia's sovereign wealth fund, aims to achieve the country's plan of generating 50% of electricity from renewables by 2030. With 24GW of renewable projects globally, it benefits from low-cost financing, allowing it to outcompete rivals. To meet goals, it must manage costs effectively as it rapidly expands with PIF backing.
Nations are in talks to establish the first global plastic pollution treaty, but disagreements persist over reducing plastic production versus emphasizing recycling. Major oil-producing countries are accused of resisting stronger action, prompting calls for legally binding commitments to cut excessive plastic use. Negotiators aim to finalize an agreement to address the growing plastic waste crisis.
The Trash Economy 