The Sri Lankan government and the European Union (EU) have signed a financing agreement to promote a circular economy and sustainable consumption and production in the food sector..
The EU will extend EUR 15 million to increase food availability for vulnerable people in Sri Lanka by establishing more efficient distribution channels/mechanisms of food, avoiding food waste and/or convert food waste much-needed farming inputs like organic fertiliser, animal feed, etc
“Sri Lanka face numerous challenges, from resource scarcity to effective protection of environmental and other resources. Within these challenges, however, lies an opportunity to adopt a circular economy model that can transform the development of new technologies, business models, and entrepreneurship and innovation, that foster a thriving economy,” said Moreno Carmen, Ambassador of the European Union to Sri Lanka and the Maldives.
“Promoting circular economy practices is vital for the country to mitigate the risk of crises in the future and to establish food security and sustainability.
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