European Union's Circular Economy Package

Last Modified: Sun Jun 26 2016 06:34:00 GMT+0530 (India Standard Time)
  • 60%
    + of raw materials needed in the European Union is imported. Recognising this to be unsustainable, the EU launched the Circular Economy Package.
  • 02 Dec 2015
    date when the package was announced.
  • €6.15 billion
    funding committed by the EU to help European businesses and consumers to make the transition to a stronger and more circular economy where resources are used in a more sustainable way.
  • 2
    main components of the package:
  • #1
    Revised Legislative Proposals on Waste: redefines waste, allowing companies to make greater use of still-valuable resources that are currently discarded, and sets binding recycling targets for the next 15 years.
  • #2
    Action Plan for the Circular Economy: encourages far greater resource efficiency much earlier in the production process and includes an eco-design standard encouraging producers to design products with their end of life in mind.
  • 3
    key waste targets for 2030 include:
  • 65%
    of municipal waste must be recycled.
  • 75%
    of packaging waste must be recycled.
  • 10%
    cap on the amount of municipal waste the can end up as landfill.