Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home»Finance

    EU’s transition to circular economy behind schedule

    npsBy nps4 July 2023 Finance No Comments3 Mins Read
    — Filed under: Environment EU News Headline1
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU's transition to circular economy behind schedule

    Cars – Image by Holger Schué on Pixabay

    (LUXEMBOURG) – EU measures and billions of euros spent have had little impact on EU countries’ transition to a circular economy, according to a report published Monday by the European Court of Auditors.

    The report on the circular economy – entailing entails markets that give incentives to reusing products, rather than scrapping them and then extracting new resources – finds little sign so far of transition, particularly where the circular design of products and of manufacturing processes is concerned.

    In this context, achieving the EU’s ambition of recycling twice as many materials during the current decade as during the previous one will be like trying to square the circle, conclude the auditors.

    Overall, the EU has made very little progress in its transition to a circular economy. Between 2015 and 2021, the average circularity rate for all 27 EU countries increased by only 0.4 percentage points. Seven of them – Lithuania, Sweden, Romania, Denmark, Luxembourg, Finland and Poland – even regressed during that time. The auditors therefore conclude that the EU’s ambition of doubling its share of material recycled and fed back into the economy by 2030 looks very challenging.

    A circular economy preserves the value of products, materials and resources for as long as possible to minimise waste. To help in the circular transition, the European Commission issued two Circular Economy Action Plans. The first, from 2015, contained 54 specific actions. The second, issued in 2020, added 35 new actions and set the target of doubling its ‘circularity rate’ – the proportion of material recycled and fed back into the EU economy – by 2030. Neither of these plans are binding, but they were designed to support member states in increasing circular-economy activities in recent years. By June 2022, nearly all EU countries had a national circular-economy strategy or were in the process of developing one.

    The EU made a significant amount of funding available, earmarking more than €10 billion between 2016 and 2020 to invest in green innovation and help businesses get ahead of the curve in the transition to a circular economy. However, the report finds that member states spent the vast majority of this money on managing waste rather than on preventing it through circular design, which probably would have had more impact.

    The EU action plans also included a range of measures to enable innovation and investment. But the auditors found limited evidence that these measures contributed effectively to a circular economy. They had only modest impact at best in helping businesses to produce safer products, or to access innovative technologies with a view to making their production processes more sustainable. The auditors also highlight the issue of planned obsolescence – the practice of artificially limiting a product’s useful life so that it needs to be replaced. The European Commission concluded that detecting planned obsolescence was not feasible, even though eliminating it is clearly key for more sustainable products.

    European Court of Auditors special report 17/2023, “Circular economy: slow transition by member states despite EU action”

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    Council agrees reform of EU VAT rules for the digital age

    Eurozone Economic Calendar

    One step closer towards a Single VAT Registration in the EU

    Funding Opportunities in the European Union

    Guide to accessing EU funding and tenders

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok