Circular Solutions

China-EU agreement paves way for global adoption of circular economy

China-EU agreement paves way for global adoption of circular economy

“China and the EU have signed a joint Memorandum of Understanding on Circular Economy Cooperation at the 20th EU-China Summit taking place in the Chinese capital on 16th-17th July. Both stand to gain from aligning on policies that support the transition to a circular economy, which can unlock new sources of economic growth and innovation while benefiting people and the environment, for example by reducing pollution and congestion.”

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“The economic benefits of transition to a circular economy in Europe are well recognised: a 2015 Ellen MacArthur Foundation report found that transition to a circular economy could add €0.9 trillion to Europe’s GDP by 2030. This would be accompanied by better societal outcomes including an increase of €3,000 a year in household income, a reduction in the cost of time lost to congestion by 16%, and a halving of carbon dioxide emissions compared with current levels.”

https://www.ellenmacarthurfoundation.org/news/china-eu-agreement-paves-way-for-global-adoption-of-circular-economy

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