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Circular Economy Research Funding Revealed

[27/10/2017] Horizon 2020 is one of the European Union’s funding packages, aimed at supporting and promoting scientific activities across all European member states. As reported in the CIWM journal (https://ciwm-journal.co.uk/commission-earmarks-e1-billion-for-circular-economy-research/) the European Commission, one of the institutions of the European Union whose responsibilities cover how the Horizon 2020 funding is to be spent, has on the 27th October revealed that €1 billion has been set aside for research to develop our understanding of the circular economy principle. In addition to the other portion of funding announced, the €1 billion will be spent over the period of 2018-2020.

Using WRAP’s definition (http://www.wrap.org.uk/about-us/about/wrap-and-circular-economy), the circular economy principle is an economy which aims to use all of its available resources to their maximum potential prior to disposal. Where possible, this involves actions such as utilising products or other materials for their primary function and once this has been achieved they are then transformed or used in other means. The European Commission seems to be particularly interested in developing wider and more involved circular economies in the hope of achieving more sustainable resource use, greater economic efficiency and a reduction in waste generated across all member states.

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