On 2 December 2015 the European Commission relaunched the Circular Economy Package, which is aimed at improving resource efficiency performances across manufacturing industries and along the whole value chain. The new package will move beyond recycling targets, notably by requiring products to be better designed for repair and reuse. While the circular economy is a novel policy concept, business already recognizes its economic potential. Therefore the circular economy is here to stay, yet the pace of Europe’s transition is unknown and will depend on the level of ambition ultimately expressed by EU decision-makers. With this snapshot we are giving a first overview of the package and discuss how the debate is likely to play out.
Arne Koeppel is Head of Research and Roeland Van der Stappen is Senior Director at FTI Consulting in Brussels.