The concept of the Circular Economy is expected to bring significant benefits to the European Union and its residents. Its implementation aims to create 580,000 new jobs, reduce carbon dioxide emissions by 450 million tons by 2030, and save around €600 billion for European companies. It is an opportunity for a better life for all EU citizens that must not be wasted.
The Circular Economy is an idea in which the value of products and materials is maintained for as long as possible, while the use of resources and the generation of waste are minimized. The European Union lists increasing the level of plastic recycling as a necessary element for transitioning to a circular economy.
Plastic recycling is a key element of the circular economy. Through recycling, it is possible to reduce the consumption of natural resources and limit waste generation.
Plastic recycling involves processing used plastic products into recyclate or regranulate, which can then be used for the production of new products. This creates a closed-loop system where waste becomes raw material for subsequent production processes.
Implementing plastic recycling increases the efficiency of the economy and reduces CO2 emissions. Recycling reduces the consumption of energy and natural resources needed for producing new products. It contributes to maintaining ecological balance and environmental protection.
The role of plastic recycling in the circular economy is crucial. It allows for a reduction in waste and an increase in production efficiency. However, it is important to remember that recycling is just one tool that helps achieve circular economy goals. Implementing the concept of a circular economy requires the involvement of all economic participants and actions on multiple fronts.
Actions related to the introduction of a circular economy will bring many economic, social, and environmental benefits. They will provide:
- Sustainable economic growth, which will develop in line with the principles of sustainable development and result in savings of around €600 billion for European companies, equivalent to 8% of their annual turnover.
- Support for new innovative technologies through the “Industry 2020 in a Circular Economy” initiative, which will be supported by a budget of over €650 million.
- The creation of 580,000 new jobs for people with various professional qualifications.
- Opportunities for social integration and cohesion, as well as savings of around €465 per year.