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Circular Economy

“The European Union produces more than 2.5 billion tons of waste every year. It is currently updating its legislation on waste management to promote a shift to a more sustainable model known as the circular economy.

In March 2020 the European Commission presented, under the European Green Deal and in line with a newly proposed industrial strategy, the new circular economy action plan that includes proposals on more sustainable product design, reducing waste and empowering consumers (such as a right to repair). Specific focus is brought to resource intensive sectors, such as electronics and ICT, plastics, textiles, and construction.

In February 2021, the Parliament adopted a resolution on the new circular economy action plan demanding additional measures to achieve a carbon-neutral, environmentally sustainable, toxic-free, and fully circular economy by 2050, including tighter recycling rules and binding targets for materials use and consumption by 2030.”  European Parliament

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