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Add to Preferred SourcesCities have an important role to play in the transition to a circular economy. They host most of the world’s population, generate about half of the planet’s waste and consume 70% of all resources and energy.
In a circular economy, new products and assets are designed and produced in a way that reduces virgin material consumption and waste generation; new business models and strategies are applied that optimise capacity utilisation and extend the useful life of products and assets, and resource and material loops are closed through recycling of end-of-life products and materials.
Transitioning to a circular economy requires nothing less than an economic paradigm shift and a radical change in the mindset of policy-makers, businesses, consumers and financiers towards more life-cycle thinking.
The European Investment Advisory Hub is a partnership between the European Investment Bank Group and the European Commission as part of the Investment Plan for Europe.
The Hub is designed to act as a single access point to various types of advisory and technical assistance services. It supports the identification, preparation and development of investment projects across the European Union.
Original source: EIB
Published on 04 October 2019