EC released its assessment of the implementation of the Action Plan targeting Circular Economy
Moreover, according to the findings of the report, the Circular Economy Action Plan has accelerated the transition towards a circular economy all over the European Union, and this has also boosted employment and new market opportunities. For instance, during 2016, sectors relevant to the circular economy employed more than four million workers, a 6% increase compared to 2012. In the same year, activities related to Circular Economy such as repair, reuse or recycling generated almost €147 billion in value added while accounting for around €17.5 billion worth of investments.
The report also presented the need for addressing topics such as waste legislation and market for secondary raw material. Moreover, the action of the EC should go in the direction of an increased effort also on topics such as chemicals, the non-toxic environment, eco-labelling and eco-innovation, critical raw materials and fertilisers. The Commission highlighted in its press release how this process could be fully effective only through the interactions with stakeholders, building on the example of the European Strategy for Plastics in a Circular Economy. The sectors that will most probably be involved are IT, electronics, mobility, the built environment, mining, furniture, food and drinks, and textiles.