PM Narendra Modi addresses India-Australia Circular Economy Hackathon (I-ACE)

The Prime Minister of India, Narendra Modi, addressed the India-Australia Circular Economy Hackathon (I-ACE) on February 19, 2021.

Highlights

• During the hackathon, Narendra Modi said that there is a need to look at India’s consumption patterns.
• India also needs to look upon how to reduce their ecological impact.
• The prime minister further said that the Circular Economy can be a key step to solve many of the challenges with respect to the consumption pattern.
• Prime Minister further highlighted that once should must make the recycling & reusing things, eliminating waste and improving resource efficiency a part of the lifestyles.
• Modi also highlighted that; the innovations that were showcased at the hackathon will inspire both the countries to take lead in circular economy solutions.
• He urged people to find ways so as to scale-up and incubate these ideas.
• During the hackathon, Waste reduction solutions were provided by 200 percipients from 72 teams of the students and start-ups.

About India Australia Circular Economy Hackathon (I-ACE)

The India Australia Circular Economy Hackathon was launched by the NITI Aayog Atal Innovation Mission (AIM). This hackathon was launched in association with the commonwealth scientific and industrial research organisation (CSIRO) of Australia. It focuses on identification and development of the innovative technology solutions provided by students, MSMEs and start-ups from both the countries. It will help in encouraging a sustainable circular economy. This hackathon was launched with the aim of increasing long-term health and resilience.

Themes of the I-ACE

The I-ACE was organised under the four key themes namely,

1. Innovation in food supply chains avoiding waste.
2. Innovation in packaging reducing packaging waste.
3. Creating opportunities for plastics waste reduction.
4. Recycling critical energy metals and e-waste.

Circular economy

It is an economic system which aims to eliminate the waste and continual use of resources. This system employs the reuse, repair, sharing, refurbishment, remanufacturing and recycling in order to create closed-loop system. It helps in minimising the use of resource inputs. It also minimises the creation of pollution, waste and carbon emissions.

Month: Current Affairs - February, 2021