"The new EU Circular Economy Action Plan, published 11th March, received a significant amount of attention in the mainstream press before it was overtaken by events. Beginning with 'There is only one planet Earth, yet by 2050, the world will be consuming as if there were three,' the document proposes a wide-ranging road map for a cleaner, more efficient society."
"Evidence also suggests a saving for companies too. The action plan states that materials make up, on average, 40 percent of the costs at manufacturing firms in the EU, so closed loop models could increase their profitability, while sheltering them from resource price fluctuations."
"...The case is strengthened because it makes good economic sense to reuse, redeploy, remanufacture and recycle. A recent study cited by the Circular Economy Action Plan estimates that applying circular economy principles across the EU economy has the potential to increase EU GDP by an additional 0.5 percent by 2030 creating around 700,000 new jobs."
Canada's Longest Standing Recycling Council