The European Commission adopted an action plan in 2015 to help accelerate Europe's transition towards a circular economy, boost global competitiveness, promote sustainable economic growth and generate new jobs.
The action plan sets out 54 measures to "close the loop" of product lifecycles: from production and consumption to waste management and the market for secondary raw materials. It also identifies five priority sectors to speed up the transition along their value chain (plastics, food waste, critical raw materials, construction and demolition, biomass and bio-based materials). It puts a strong emphasis on building strong foundation on which investments and innovation can thrive.
The action plan also promotes close cooperation with Member States, regions and municipalities, businesses, research bodies, citizens and other stakeholders involved in the circular economy.