Circular Economy Would Increase European Competitiveness and Deliver Better Societal Outcomes, New Study Reveals

Circular Economy Would Increase European Competitiveness and Deliver Better Societal Outcomes, New Study Reveals
The Ellen MacArthur Foundation, the McKinsey Center for Business and Environment, and SUN (Stiftungsfonds für Umweltökonomie und Nachhaltigkeit), today present the results of a major new study at the European Commission's stakeholder conference on the circular economy in Brussels. Growth Within: A circular economy vision for a competitive Europe reveals that by adopting circular economy principles, Europe can take advantage of the impending technology revolution to create a net benefit of €1.8 trillion by 2030, or €0.9 trillion more than in the current linear development path. This would be accompanied by better societal outcomes including an increase of €3,000 in household income, a reduction in the cost of time lost to congestion by 16%, and a halving of carbon dioxide emissions compared with current levels.