Environment ministers of the G7 countries, meeting in Metz, France, yesterday strongly encouraged the International Resource Panel to continue its work to strengthen knowledge of resource efficiency to help decision-makers conceive and manage circular economy and resource efficiency policies and to find integrated and innovative energy solutions.
The ministers, in their final communique, welcomed the work of the Panel in improving knowledge on the economic and environmental impacts of natural resource use.
In particular, the ministers invited the International Resource Panel to continue its work on extending the lifetime of products though value-retention processes such as remanufacturing, refurbishment, repair and direct reuse, outlined in the Panel's report entitled Redefining Value - The Manufacturing Revolution. This work, they said, could contribute to worked planned by the G7 on resource efficiency and value retention, particularly in the consumer goods sector.
France holds the current presidency of the G7, with the next summit, the 45th, to be held in Biarritz on 25-27 August this year.
The communique also acknowledged the work the Panel had done on its flagship report, the Global Resources Outlook 2019, released in March at the fourth session of the United Nations Environment Assembly in Nairobi, Kenya.
That report found that resource extraction and transformation into materials, food and fuel accounted for 90 per cent of global biodiversity loss and water stress, and up to half of global greenhouse gas emissions.
The ministers also said they awaited with interest the results of a further Panel assessment, slated for release later this year, on the potential climate benefits of more efficient resource use.