Real Economy - Cradle to cradle: powering Europe’s circular economy
This edition of Real Economy takes you on a journey to discover how our waste can become sustainable gold – powering the circular economy of tomorrow.
The Europe's new Circular Economy Package adopted by the Commission ready to stimulate Europe's transition toward a circular economy will boost competitiveness, foster sustainable economic growth and generate new jobs. 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.