27 April 2020
A new circular economy Action Plan for a cleaner and more competitive Europe
As half of total greenhouse
gas emissions and more than 90% of biodiversity loss and water stress come from
resource extraction and processing, the
European Green Deal launched a concerted strategy for a climate-neutral, resource-efficient and
competitive economy. Scaling up the
circular economy from front-runners to the mainstream economic players will
make a decisive contribution to achieving climate
neutrality by 2050 and decoupling
economic growth from resource use, while ensuring the long-term
competitiveness of the EU and leaving no one behind.
To fulfil this ambition, the EU needs to accelerate the transition
towards a regenerative growth model that gives back to the planet more than it
takes, advance towards keeping its
resource consumption within planetary boundaries, and therefore strive to reduce its consumption footprint and double its circular material use rate in the coming decade.
