Algeria’s resources favour investment in circular economy

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Algeria has resources “likely to make it an attractive destination” for investment in circular economy, which must play a key role in the development of non-hydrocarbon economy, Minister of Environment and Renewable Energy,  Fatma Zahra Zerouati said Wednesday in a meeting.

 

“Algeria produces 34 million tonnes of waste/year, and is expected to reach 70 million tonnes by 2035, of which 50% is recyclable (plastic, household and similar waste),” said Zerouati in a speech she delivered at the closing ceremony of the first regional Centre-West conference on circular economy.

Such an effort requires investment in this reserve “as a source of job-generating wealth”, said the minister, underscoring, by the same token, “the important role of circular economy and recycling in supporting a non-hydrocarbon economy.”

In this connection, Zerouati announced the initiative of the responsible ministry to organize regional preparatory meetings for the First National Conference on Circular Economy in February. The Blida meeting, the first of its kind, aims “to lay the foundations for this ambitious project, in collaboration with all parties concerned.”

At the end of this event, which included nine workshops focusing on three main themes relating to sustainable clean production, sustainable consumption, recycling and recovery of waste and its transformation into raw materials, the speakers agreed on the need to provide “facilities for project holders wishing to invest in this field, notably the reduction of the interest rate on the credits allocated.”

Recommendations focused on the need to reduce taxes on the interests of companies in the field, in parallel with the extension of the time limits for the repayment of credits allocated to them.

A proposal was also made to give priority to the holders of circular economy projects in terms of industrial land.

The legislation governing the sector has not been overlooked since a recommendation has been issued for a revision of the Executive Decree on the Integrated Waste Management Master Plan to introduce circular economy, in parallel with the revision of Law No.19.01 on waste management, control and disposal dated 2001.

Nearly 400 personalities, including experts, academics, representatives of ministerial departments, economic operators and professional associations took part in this first regional conference, which will be followed by regional preparatory meetings for the First National Conference on Circular Economy.

 

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