First EIB Circular Economy Conference in Copenhagen
29 October 2018
More than 200 people gathered on 25 October 2018 at European Investment Bank’s first circular economy conference held in Copenhagen and organized by the EIB Institute. The conference brought together leading representatives and stakeholders from government, local authorities, industry and the financing sector to share knowledge and lessons learnt related to the following important areas: (1) plastics in the circular economy; (2) the circular bio-economy; and (3) the circular economy in cities.
In her opening remarks, EIB Vice-President Emma Navarro highlighted the EIB’s support to circular economy projects: “The future needs to be circular. It is an opportunity to combat climate change while making our economy more sustainable, create jobs and generate competitive advantages. The EIB provided EUR 2.1 billion of financing for circular economy projects during the last 5 years and we stand ready to do more through our lending and advisory services.”
The Vice-President also announced the creation of a working group with the main national promotional banks – KfW in Germany, CDC in France, CDP in Italy, ICO in Spain and BGK in Poland – to focus on the needs and potential of circular economy projects. She highlighted the publication of the new EIB Circular Economy Guide aiming to promote a common understanding of circular economy, and raise awareness about and promote circular solutions.
European Commissioner Karmenu Vella joined by video and stressed the need to curb the use of disposable single-use plastics. Other representatives from the European Commission presented the EU policies and strategies for circular economy and waste management in particular for plastics and construction waste.
The conference also highlighted a selection of projects across Europe, related to plastic upcycling, biofuel and bioplastics production, paper recycling and stories of circular initiatives from cities such as Copenhagen, Amsterdam and Kolding (Denmark).
The EIB is participating in the World Circular Economy Forum, on 3-4 June in Helsinki, the largest conference on circular economy that brings together around 2,000 business leaders, policymakers and experts to present best practice from around the world.
On Friday 31 January, the Circular City Funding Guide was launched at the Cities Forum in Porto (Portugal). The Guide is an online platform designed to support municipalities, businesses and other urban actors in their transition to a circular economy. It aims to fill an important information and financing gap as the number of available funding programmes dedicated to circular projects as well as the awareness of these funds is insufficient. It will do so by providing, on one hand, knowledge about the different sources of funding available to cities and the specific conditions to access them, and, on the other hand, information for funders on how to screen, select, monitor and support circular economy projects.