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60%
+ of raw materials needed in the European Union is imported. Recognising this to be unsustainable, the EU launched the Circular Economy Package.
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02 Dec 2015
date when the package was announced.
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€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.
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2
main components of the package:
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#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.
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#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.
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3
key waste targets for 2030 include:
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65%
of municipal waste must be recycled.
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75%
of packaging waste must be recycled.
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10%
cap on the amount of municipal waste the can end up as landfill.