Circular economy offers a path to sustainable recovery

Circular Economy Action Plan - Speeding up the green transition of the EU’s economy

Speeding up the green transition of the EU’s economy
Author
EUROCITIES
Publication Date
July, 2020
Country
Belgium
Language for original content
Scope
Louise Coffineau

The post-COVID-19 recovery plan should be extensive, as the effects of the pandemic on people and economy have, in many cases, been devastating. The recovery plan must also fully support the green transition to guarantee resilience over the long term.

The circular economy has the potential to raise EU GDP by billions of euros, and create around 700,000 extra jobs by 2030. With this in mind, the economic approach should be an integral part of that recovery. It is one of the messages of a new EUROCITIES policy statement on the EU Circular Economy Action Plan that sets out how cities, as significant engines for economic growth, can drive the circular economy to unlock economic, environmental and social benefits.