Commission’s Report on Circular Economy Action Plan
On March 4, the European Commission published a report containing the state of play of the implementation of the Circular Economy Action Plan, where it assessed that all the 54 actions contained in the Action Plan were implemented.
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.
Moreover, the report indicated some areas that still need to be addressed, such as waste legislation and market for secondary raw material. Other areas of increasing interest are chemicals, the non-toxic environment, eco-labelling and eco-innovation, critical raw materials and fertilisers.