A circular economy is a regenerative system in which resource input and waste, emission, and energy leakage are minimised by slowing, closing, and narrowing energy and material loops. This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling. This is in contrast to a linear economy which is a 'take, make, dispose' model of production.
EU 2018 Circular Economy Package
As part of its continuous effort to transform Europe's economy into a more sustainable one and to implement the ambitious Circular Economy Action Plan, in January 2018 the European Commission adopted a new set of measures, including:
- A Europe-wide EU Strategy for Plastics in the Circular Economy and annex to transform the way plastics and plastics products are designed, produced, used and recycled.
- A Communication on options to address the interface between chemical, product and waste legislation that assesses how the rules on waste, products and chemicals relate to each other.
- A Monitoring Framework on progress towards a circular economy at EU and national level. It is composed of a set of ten key indicators which cover each phase – i.e. production, consumption, waste management and secondary raw materials – as well as economic aspects – investments and jobs - and innovation.
- A Report on Critical Raw Materials and the circular economy that highlights the potential to make the use of the 27 critical materials in our economy more circular.
Information on this page is adopted from homepage of European Commission.