22 Aug Circular Economy Could Cut Carbon Emissions in Europe by 70 Percent
A new case study from The Club of Rome, a European think tank group, noted that if the European Union adopts a particular set of key circular economic policy measures, the EU could cut European carbon emissions by as much as 70 percent by 2030.
The case study examines three different circular economy strategies: renewable energy, material efficiency, and energy efficiency. It highlights that by pushing for more eco-based infrastructure design, emissions trading, and renewable energy policies, the EU could drastically slash carbon emissions. Additionally, strengthening recycling and reuse targets, establishing key resource efficiency targets for certain in-demand materials, encouraging investments related to circular economic business ideas, and lowering taxes on labor and increasing taxes on the consumption of non-renewable resources can help to cut emissions substantially.
The case study also noted EU citizens often treat items—ranging from personal computers to cars—as ultimately expendable. Instead, The Club of Rome points out that a general shift in attitude towards reuse, repair, and maintenance can help to dramatically cut down on the consumption of critical and limited natural resources. By introducing more circular economic policies and by pushing for a more “reuse-friendly” atmosphere in Europe, the EU could generate more than 100,000 new jobs—The Club of Rome estimates that this could help to combat unemployment throughout the continent tremendously.
As the Club of Rome highlighted in their study, adopting circular economic principles can help to dramatically revitalize the EU, bringing about new jobs and slashing carbon emissions across the continent. However, it’s also important to note that establishing these policies would assist with reducing the consumption of limited but vital natural resources; therefore helping to ensure that future generations will have access to the resources they need to live fulfilling, healthy lives. So how can a company start implementing circular economic principles? Simple: cut down on waste production by donating excess products or stock to nonprofits in need. Learn more here.