European Investment Bank and national promotional banks launch the Joint Initiative on Circular Economy
On average, a European citizen produces half a ton of waste a year. This amounts to 2.5 billion tons yearly for the entire European Union.
The Joint Initiative on Circular Economy (JICE) is a partnership between the EU’s largest national promotional banks and institutions and the European Investment Bank to invest at least €10 billion in the circular economy by 2023.
It provides loans, equity investment, guarantees, innovative financing structures and technical assistance.
The initiative will support projects that prevent and eliminate waste, increase resource efficiency and promote circular business models. Eligible projects can be submitted to the respective JICE partners.