OTTAWA, Dec. 2 (Xinhua) -- Canada will host the World Circular Economy Forum 2020, co-organized by the government of Canada and the Finnish innovation fund Sitra, according to Canadian Ministry of Environment and Climate Change on Monday.

The forum will be held in Toronto from Sept. 29 to Oct. 1, 2020, marking the very first time the global forum is held in North America.

The World Circular Economy Forum is a global event that brings together leaders, businesses, policymakers, and experts to present solutions for a circular economy. The circular economy is a new sustainable model that keeps resources in use for as long as possible, extracts the maximum value from them while in use, and then recovers and regenerates products and materials at the end of each service life.

Created in 2017, the World Circular Economy Forum is the global initiative of Finland and Sitra.