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Economic and Social Policies, PUBLICATIONS

Closing the loop: New circular economy package

Written by Didier Bourguignon

Abstract painting of loop

© avarooa / Fotolia

Unlike the traditional linear economic model based on a ‘take-make-consume-throw away’ pattern, a circular economy is based on sharing, leasing, reuse, repair, refurbishment and recycling, in an (almost) closed loop, where products and the materials they contain are highly valued. In practice, it implies reducing waste to a minimum.

Moving towards a more circular economy could deliver opportunities including reduced pressures on the environment; enhanced security of supply of raw materials; increased competitiveness; innovation; growth and jobs. However, the shift also poses challenges such as financing; key economic enablers; skills; consumer behaviour and business models; and multi-level governance.

On 2 December 2015, the European Commission presented a new circular economy package. The package contains an action plan for the circular economy, mapping out a series of actions planned for the coming years, as well as four legislative proposals on waste, containing targets for landfill, reuse and recycling, to be met by 2030.

The European Parliament advocates specific measures to improve waste management and to promote eco-innovation and resource efficiency. Stakeholders, however, voice diverging views on the proposed circular economy package.

Read the full briefing  on ‘Closing the loop: New circular economy package

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  1. Pingback: Circular economy: the second round | European Parliamentary Research Service Blog - February 18, 2016

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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