EU 'circular economy' will boost resource efficiency
Subject Circular economy in the EU. Significance The European Commission launched on May 28 a public consultation on an ambitious 'circular economy' package for increasing resource efficiency, which it is likely to release to coincide with the Paris COP21 meetings. The prevailing growth model since the industrial revolution has relied on a 'take-make-consume-dispose' pattern. There is increasing recognition that this linear model, which assumes resources are abundant and that disposal is cheap, is unsustainable. The market for green technologies is worth 1 trillion euros and is expected to double by 2020. Impacts Integrated eco-design, waste prevention and reuse policies could yield savings for EU businesses of up to 600 billion euros annually. Additional measures to increase resource productivity by 30% by 2030 could boost EU GDP by nearly 1% and create 2 million additional jobs. The EU will seek to broaden acceptance of the circular economy paradigm beyond its borders, via bilateral and multilateral frameworks.