cover image: Circular economy :Main features and key determinants of the EU secondary markets for materials

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Circular economy :Main features and key determinants of the EU secondary markets for materials

8 Aug 2024

Social acceptance is growing about the need for moving from a linear to a more circular use of resources. This allows for lowering raw material consumption and waste generation, while reducing the EU resource and energy dependence from abroad, which has become economically and geo-strategically important. The EU circular economy could further expand by fostering waste prevention and preparing for re-use. Despite recent improvements in waste management capacity, the EU circularity could also benefit from enlarging secondary markets by feeding back more secondary raw materials into the economy. However, materials’ specific features and/or economic and technological constraints might limit recycling capacities. Therefore, understanding the economic drivers of recycling is key for defining effective and efficient policy measures. These range from regulation (e.g. specific technological or performance standards including waste collection/sorting methods and eco-design) to market-based instruments, whether price- (e.g. taxes and charges, subsidies and public facilities) or quantity-based (e.g. cap-and-trade), or both. The optimal policy mix design may nevertheless vary according to a range of economic, social, cultural, political and institutional factors. Specific policy interventions promoting recycling encompass a possible review of the EU waste hierarchy, a broader eco-design and a harmonised waste legislation, data definition and collection.
circular economy environmental law environmental economics waste management eu environmental policy product life raw material management of resources used goods

Authors

Directorate-General for Economic and Financial Affairs, European Commission, Vergano, Lucia

Catalogue number
KC-BD-23-026-EN-N
Citation
European Commission: Directorate-General for Economic and Financial Affairs and Vergano, L., Circular economy – Main features and key determinants of the EU secondary markets for materials , Publications Office of the European Union, 2024, https://data.europa.eu/doi/10.2765/903804
DOI
https://data.europa.eu/doi/10.2765/903804
ISBN
978-92-68-01827-9
ISSN
2443-8022
Pages
48
Published in
Belgium
Themes
Environment — Ecology , Economy — Finance

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