Eco-Industrial Park (EIP)
Session Theme 4 of COPE-BEST 2022
Growing emphasis on circular economy has increased the importance of eco-industrial parks (EIP) worldwide. There are around 250 self-styled eco-industrial parks functioning or under development globally in 2018, compared to less than 50 in 2000. International best practices demonstrates that the economic, environmental, and social advantages of Eco-Industrial Parks (EIPs) are enormous, outweighing traditional business case benefits. EIPs provide advantages from increased collaboration among tenant firms, service providers, and local communities, allowing enterprises to turn environmental challenges into efficiency gains by more effectively using resources and allowing companies to rely on shared services and infrastructure. It promotes circular economy towards achieving sustainable development goals. Session 4 highlights the concept, initiatives, benefits, challenges, and examples of EIP within ASEAN and globally.