About the Eco-Industrial Parks Programme
The eco-industrial parks (EIPs) concept dates to early 1990s with the uptake increasing in 2018. The United Nations Industrial Development Organization (UNIDO) defines EIP as a community of businesses located on a common property in which businesses seek to achieve enhanced environmental, economic and social performance through collaboration in managing environmental and resource issues. While this sounds like what typically defines the traditional industrial park model, EIP approaches go beyond that.
EIP approaches encourage an exchange of synergies known as industrial symbiosis, which is a means by which companies can gain a competitive advantage through the physical exchange of materials, energy, water and by-products – eliminating a waste of resources and reducing environmental impact. The EIP concept also embraces community collaboration thereby fostering inclusive and sustainable development. The advantage about the EIP concept is that it can be adopted by new or existing industrial parks.