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European Commission
Circular economy initiatives are well-suited for implementation at the regional and urban levels for several reasons: 1) Regional value chains often involve heavy/bulky or low-value materials and products, and make use of region-specific resources. 2) There is a high density of economic actors within regions that can more easily collaborate in circular systems. 3) Regional authorities can help de-risk circular economy projects by providing local financial incentives, creating markets through public procurement, facilitating collaboration between actors, and establishing a public operator to connect different parts of the value chain.
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European Commission
- 1. Circular Economy in UrbanAreas Pavel MISIGA Circular Economy and Bio-based Systems Directorate General for Research and Innovation European Commission
- 2. What circular economy? Circulareconomy must reduce environmental impacts of production and consumption
- 3. The regional dimensionof Circular Economy Circular Economy at regional scale may be optimal when value chain are based on: • Heavy/volumeous products • Medium to low value material/products • Specific regional resources • Regional specialisation • Density of economic actors A large part of Circular Economy makes sense at regional/urban level Source: Ellen MacArthur Foundation 2017
- 4. Status of CEin Europe • Current CE = low hanging fruit • Transition has to be accelerated • CE deployment is hampered by a number of barriers • Systemic solutions • Simultaneous application of technological, market/business, governance and social innovations Many incentives can be provided at regional level Source: Raw Material Scoreboard, European Commission 2018
- 5. De-risking of CircularEconomy at regional level Perceived risks • Lack of revenues • Uncertainty of supply • Uncertainty of demand • Lack of necessary collaboration of actors along the value chain • Lack of mechanisms for sharing costs and profits Incentives by regional authorities • Local financial incentives (subsidies and fees) • Creating market via public procurement and guarantees • Facilitating collaboration between actors • Public operator to play a pivot role