At the same time, this type of economy is responsible for current environmental issues, depletion of resources, and climate change. The new Action Plan announces initiatives for the entire life cycle of products, from design and manufacturing to consumption, repair, reuse, recycling, and bringing resources back into the economy. The Circular Economy Action Plan put forward today as part of the EU Industrial Strategy presents measures to: Make sustainable products the norm in the EU. What is the new EU Circular Economy Action Plan? Circular Economy Action Plan By Lisa McConnell | December 3, 2020. The European Commission adopted a new Circular Economy Action Plan (CEAP) – ‘For a cleaner and more competitive Europe’ in March 2020, one of the main blocks of the European Green Deal agenda for sustainable growth. The environmental committee of the European Parliament is working on a so-called own initiative report in the field of circular economy. Encourage the Market to Use Less Clothing, and for Longer 4. Recent Posts. Tailored support to make your business more circular; Exploring the role of finance within a circular economy: Part 2; Exploring the role of finance within a circular economy: Part 1; Put your business on the map; Circular Economy Action Plan Report European Parliament . Tagged Main resources. New circular economy action plan . This EU-funded research aims to make the entire aviation supply chain ecosystem greener in line with the Circular Economy Action Plan, setting new standards for aerospace manufacturing enabling an increase in cross-sector synergies. In February 2021, the Parliament adopted a resolution on the new circular economy action plan demanding additional measures to achieve a carbon-neutral, environmentally sustainable, toxic-free and fully circular economy by 2050, including tighter recycling rules and binding targets for materials use and consumption by 2030. This project contributes to the following Calls to Action from the Circular Economy Action Agenda for Textiles: 1. On March 11, 2020, the European Commission (EC) announced the adoption of a new Circular Economy Action Plan.The plan is described as being one of the main components of the European Green Deal, which was announced in December 2019 (FPF reported).It is set to include “initiatives along the entire life cycle of products, targeting for example their design, promoting circular economy … Together, the waste plan documents embrace all of the key concepts of a circular economy approach. The Action Plan(2015) aimed to stimulate Europe’s transition towards a circular economy to boost global competitiveness, foster sustainable economic growth and generate new jobs. Moving to a circular economy is key for achieving EU climate action, nature protection and sustainability ambitions, and also delivering benefits for innovation, growth and jobs. Incentivize and Support Design for Longevity and Recyclability 3. Guide and Support New Business Models for Environmental, Financial, and Social Triple-Win

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