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A New EU Action Plan for the Circular Economy
15 December 2015

circulareconomy2On December 2, the European Commission adopted an ambitious new Circular Economy Package, which includes revised legislative proposals on waste, to help European businesses and consumers to make the transition to a stronger and more circular economy where resources are used in a more sustainable way.

The proposed actions will contribute to "closing the loop" of product lifecycles through greater recycling and re-use, and bring benefits for both the environment and the economy.

The plans will extract the maximum value and use from all raw materials, products and waste, fostering energy savings and reducing Green House Gas emissions. The proposals cover the full lifecycle: from production and consumption to waste management and the market for secondary raw materials.

This transition will be supported financially by ESIF funding, €650 million from Horizon 2020 (the EU funding programme for research and innovation), €5.5 billion from structural funds for waste management, and investments in the circular economy at national level.

Vice-President Jyrki Katainen, responsible for jobs, growth, investment and competitiveness, said: "These proposals give a positive signal to those waiting to invest in the circular economy. Today we are saying that Europe is the best place to grow a sustainable and environmentally-friendly business. This transition towards a more circular economy is about reshaping the market economy and improving our competitiveness".

For more information please visit the EC website

 

 

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