The European Commission’s Circular Economy Action Plan, published in March 2020, sets out 35 initiatives to reduce Europe’s consumption footprint and double the amount of material reused in the coming decade by the member states. The target is a cleaner and more competitive Europe by 2030.
“The Circular Economy and European Green Deal Agenda will remain central in shaping the economic reconstruction and the future of a climate-neutral Europe,” says Joanna Drake, deputy director-general for environment at the European Commission.
“Products should be designed to last, they should be designed to be easier to repair, they should be designed to contain more recycled materials,” adds Drake, noting that if our smartphones lasted just one year longer it would be the same – in terms of carbon emissions – as taking one million cars from the road.
Europe’s Green Deal: it’s time to act, together
The Circular Economy Action Plan, part of the Green Deal Agenda from the European Commission, aims for a cleaner Europe by 2030. How can business and finance play their part?
“The Circular Economy and European Green Deal Agenda will remain central in shaping the economic reconstruction and the future of a climate-neutral Europe”
“We are convinced that moving to the Circular Economy will add jobs. We have already seen jobs being created”
Intesa Sanpaolo’s credit fund and the award-winning sustainability bond are already in place to help achieve the targets set out by the action plan. “We really welcome the European Commission’s action plan because it can support our business and it can help us facilitate the transition of our customers towards a Circular Economy,” adds Passamonti.
Listen to the podcast to learn more about the plan.
Last updated 3 November 2021