The business case for RECP
Resource Efficiency can be defined as:
- a systematic and integrated approach to managing energy, water, environmental and financial resources, eliminating or minimising waste and emissions to the environment, on a sustainable and cost-effective basis.
- enhancing the means to meet human needs while respecting the ecological carrying capacity of the earth by producing more wellbeing with less material consumption.
- measured by the reduction of the resource use and the environmental impact from materials, emissions, and accidental releases per unit of production, trade, and consumption of goods and services over their full life cycles.
RECP accelerates the application of preventative environmental strategies to processes, products and services, leading to increased efficiency and reduced risks to humans and the environment. RECP addresses the three dimensions of sustainable development individuallyand synergistically:
- multiple resource productivity and environmental benefits;
- creating human, technical and institutional capacities, with local ownership; and
- fostering creation of enabling policies and strategies.
By definition, some RECP services are expected to have a private benefit (in particular the identification of operational savings through RECP in companies), while other services provide a public good (promotion of RECP and acting as a national catalyst for environmental stewardship and sustainable industrial development in general).
In particular, RECP helps industry to achieveoperational efficiency and performance excellence to:
- mitigateGHG emissions and adapt to climate change;
- respond to the increasing scarcity of water, fuels and other materials;
- provide decent jobs; and
- halt environmental degradation.