EU Unveils Ambitious Global Circular Economy Initiatives
The European Union has launched two major initiatives to promote circular economy practices worldwide, investing €55 million in total.
Key Points:
- Establishment of the EU Circular Economy Resource Centre with a €15 million commitment
- Launch of the “SWITCH to Circular Economy in East and Southern Africa” programme with a €40 million contribution over five years
- Both initiatives aim to facilitate knowledge exchange, partnerships, and capacity building
- Focus on key value chains such as packaging, plastic waste, electronics, and e-waste
Impact/Implementation
These initiatives are expected to accelerate the global transition to circular economies by fostering policy development, supporting businesses, and improving access to finance in partner countries.