FTA recently accepted an invitation to participate in a new task force organised through the Energy Climate House team of CEPS (Centre for European Policy Studies (CEPS) on ‘The Role of Business in the Circular Economy’. Participation in the task force will be supported by our Trade Policy team and the Business Environmental Performance Initiative (BEPI).
Through our participation, we hope to contribute to the discussion on how business and government can contribute to the circular economy, and to stress the importance of taking into account the reality of global value chains in any policy recommendations.
The Circular Economy represents a move towards “closed loop” production systems, with greater recycling and reuse of secondary materials and rethinking of traditional “make-use-dispose” consumption models. The benefits of such a model have clear economic and environmental benefits, but making the transition from more linear models can be challenging for companies and will require initial investments from both business and government.
Following several communications and consultations, the European Commission has recently adopted a Circular Economy Package, which includes several legislative proposals, particularly on waste, aimed at stimulating Europe's transition towards a circular economy. The Commission is hoping this package will boost global competitiveness, foster sustainable economic growth and generate new jobs.
The focus of the CEPS task force will be to discuss the role of EU policy and regulation in guiding businesses and industry towards sustainable and circular business models. Topics to be covered include:
- Barriers and enablers companies face when moving towards circular business models;
- What support is needed for business, in particular for SMEs, to implement circular models and take advantage of new market opportunities; and
- How to improve coherence in relevant policies at European level.
- The task force runs from November – March 2017 and will conclude with a report containing actionable policy recommendations to be published in the spring of 2017. The report will be widely disseminated to EU, Member States and international policy-makers.