circular economy

The development replacing the linear economy with a circular economy is believed to have positive impacts on the economic sectors of production, consumption, environment and society. As it is a recently established project, there is currently a lot of research being conducted to ensure that there is a clear understanding of what a circular economy is and the actions that it entails in order to succeed.

In the midst of the transition to the circular economy, there is a significant amount of change that needs to occur in order to ensure that progress will be made. The Circular Economy Package, released by the European Commission in 2015, stated that there will be actions taken to launch a project with various banks and the European Investment Bank to provide more financial support to the new circular economy. “The group”, which is specifically the Support the Circular Economy Financing Expert Group, will carry out tasks similar to the Commission’s Register of Commission expert group.

On 26th January, the EU announced that there are improvements being made within the circular economy of the EU. These improvements include, but are not limited, to the first steps being taken toward legislation on the burning of waste for energy. Also, the EU Executive expressed that in order to encourage financial backing for projects that strive to shift to a circular economy; it would collaborate with the European Investment Bank.

The European Parliament is on course to confirm its position on waste proposals central to the EU’s circular economy package in February, according to the lead MEP Simona Bonafè (S&D). The proposals were retabled by the Commission last December downgraded the 2030 recycling target for municipal waste from 70% to 65% and for packaging waste from 80% to 75%. The rapporteur, Simona Bonafé MEP underlined that the Parliaments goal is to limit the landfilling of municipal waste to a maximum of 10% by 2030 should be tightened to 5%.

The 20th European Forum on Eco-innovation will be held in Tallinn, Estonia, on 26-28 October 2016. The Forum will examine financing opportunities for eco-innovative SMEs and will showcase successful companies who have succeeded in attracting investors and growing their business. It will explore the enabling factors and challenges of transitioning to a circular business model and will address these through the lens of business, finance and public sector. The Forum will also provide an opportunity for participants from across Europe to:

Discover now the 130 working sessions organised in Brussels as part the 14th European Week of Regions and Cities (10-13 October 2016). Under the headline 'Regions and cities for sustainable and inclusive growth’, the programme is structured into three themes: Sustained and sustainable economic growth; Inclusive economic growth; Making ESI Funds simpler. 22 partnerships of regions and cities, 13 Directorates-General of the European Commission, the European Committee of the Regions and several networks, associations and other institutions have partnered up for it.

According to the Dutch Presidency website, EU Environment ministers are scheduled to agree on the recently proposed European Commission circular economy package in June.The majority of environment ministers believe that the European Commission’s updated circular economy package is an improvement on the previous one taking into account the Member States different levels of development especially in relation to recycling targets. The package consists of 5 pieces of proposed legislation amending the directives on Waste Framework, Packaging and Packaging Waste

Corinne LEPAGE Member of European Parliament and former Minister of  Environment, will address a breakfast hosted by AFITE on 3rd February in the French Senate in Paris.  An invitation to the breakfast briefing has been extended to interested members from ENEP.

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