Europe’s circular economy is set to receive a major financial boost as part of plans unveiled by the European Commission today.
Carlos Moedas, European Commissioner for Research, Science and Innovation laid out €30 billion of spending plans for the EU’s ‘research and innovation funding programme Horizon 2020 during 2018-2020’, which includes €1 billion to advance the circular economy. Spending which seems a sensible way of speculating to accumulate, with one study – A Growth Within: A Circular Economy Vision For A Competitive Europe – estimating the continent could benefit to the tune of €1.8 trillion by shifting to a circular economy.
“The Commission is making a concerted effort – including with the European Innovation Council which takes its first steps today – to give Europe’s many innovators a springboard to become world leading companies,” Carlos said.
