1. Closing the loop – An EU Action Plan for the Circular Economy Werner Bosmans EC – DG Environment 16 December 2015

2. Limits of the linear model Lost value of materials and products Depletion of scarce resources Volatile resource prices Security and stability of raw materials supply Waste Generation Environmental degradation & climate change

3. From a Linear Economy… DISPOSEMAKETAKE NATURAL RESOURCES WASTE

4. … to a Circular Economy

5. The Circular Economy Package Adopted by the Commission on 2 nd December 2015 Action Plan Communication List of Follow-up Initiatives (Annex) Legislative proposal on waste

6. What is the Circular Economy? Maintaining the value of products, materials and resources in the economy for as long as possible while minimising waste generation Boosting our economy and competitiveness with new business opportunities and innovative products and services. Giving economic, social and environmental gains

7. 5 Main Areas of Action ProductionConsumption Waste Management Secondary raw materials Innovation, Investment & Monitoring

8. PlasticsFood waste Critical Raw Materials Construction & Demolition Biomass & bio-based products 5 Priority Sectors

9. Key examples Funding of over €650 million under Horizon 2020 and €5.5 billion under the structural funds Quality standards for secondary raw materials to increase the confidence of operators in the single market Measures in Ecodesign to promote reparability, durability and recyclability of products A revised Regulation on fertilisers A strategy on plastics, addressing recyclability, biodegradability, presence of hazardous substances, and SDG on reducing marine litter Actions to reduce food waste including a common measurement methodology, improved date marking, and the SDG to halve food waste by 2030 A report on critical raw materials Improved consumers protection against unfair practices

10. New targets municipal- waste recycling 1 calculation method (N°4) based on effective recycling by 2025, 2030 Possible 5-year extension for 7 MS recycling less than 20% in 2013 Review clause (2025) to consider more stringent targets

11. 11 New binding target to reduce landfill to maximum of 10% of municipal waste by 2030

12. Common EU target for recycling 75% of packaging waste by 2030 12

13. Circular economy: the way ahead Growth and job creation –Up to +7%GDP –Up to 600 billion savings – 8% of annual turnover for business in the EU –Possible 170 000 direct jobs in waste management sectors created by 2035 Improving competitiveness and security of supply Economic and environmental resilience Inducing innovation Reduction of total annual GHG emissions by 2-4%.

14. Thank you for your attention! http://ec.europa.eu/environment/circular-economy/index_en.htm werner.bosmans@ec.europa.eu