Dutch and Australian foundations sign circular economy MOU

Dutch and Australian foundations sign circular economy MOU

The Holland Circular Hotspot Foundation and the National Circular Economy Hub, an initiative of Planet Ark, have signed a Memorandum of Understanding to develop a new online tool that encourages recycling.

The Memorandum of Understanding was signed in the presence of Netherlands Prime Minister Mark Rutte, Victorian Environment Minister Lily D’Ambrosio, Assistant Waste Reduction Minister Trevor Evans and Melbourne Lord Mayor Sally Capp.

Planet Ark CEO Paul Klymenko said that under the agreement, the Holland Circular Hotspot will provide experience and knowledge to Planet Ark, with the aim of accelerating bilateral cooperation in the circular economy space.

“Planet Ark will promote dialogue and collaboration between Australian universities, businesses and governments to move Australia towards a circular economy,” Mr Klymenko said.

According to Mr Evans, the partnership will form the basis of future cooperation and knowledge sharing between Australia and the Netherlands on how to achieve a commercially-led circular economy transition.

The Circular Economy Hub will create an online marketplace to match buyers and sellers of waste resources.

“Having healthy markets for recycled goods and commodities avoids stockpiles of materials just growing and growing, which could then become a problem in itself,” Mr Evans said.

“With government, industry and communities working together to boost recycling, there is a tremendous opportunity to create a more sustainable future for Australia.”

Holland Circular Hotspot Foundation Director Freek van Eijk said the foundation hopes to accelerate the circular economy movement in Australia.

“European and Australian authorities agree that a new and circular model is needed, where resources are kept in use for as long as possible, have the maximum value extracted from them whilst in use, and are recovered and regenerated into new products at their end-of-life,” Mr van Eijk said.

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