Circular Economy Action Plan (CEAP) 2020 summary for business: Implications and next steps
Time: 2020
By: World Business Council for Sustainable Development (WBCSD)
The transition to a circular economy represents a fundamental shift in the development of business and economic opportunities. There is a clear business case to support the circular economy transition as manufacturing firms in the European Union (EU) spend 40% of total costs on materials and processing; and some estimates anticipate cost savings of €600 billion a year and €1.8 trillion more in other economic benefits.2,3 Circular economy opportunities in the EU alone have the potential to add 700,000 jobs.
This summary for business of the European Commission’s Circular Economy Action Plan 2020 (CEAP 2020) describes key developments and the implications of this landmark publication for businesses. By understanding the policy outcomes intended by the CEAP 2020, business stakeholders can move forward and further shape the circular economy policy dialogue so that it is supportive and effective for businesses..
The document is attached below:
Circular Economy Action Plan (CEAP) 2020 summary for business