In a circular economy, the value of products and materials is maintained for as long as possible. Waste and resource use are minimised and when a product reaches the end of its life, it is used again to create further value.
The transition towards a circular economy can help reduce environmental impact, but also bring major economic benefits, contributing to innovation, growth and job creation.
The EU bank embraces the potential of a circular economy and we support the public and private sector in their circular transition.
How we lead the way to sustainable growth
EIB’s circular support builds on three mutually reinforcing activity clusters:
We develop and share knowledge on the circular economy transition. We raise awareness by:
improving the framework conditions for financing (e.g. through involvement in multi-stakeholder circular economy fora),
facilitating knowledge sharing and capacity building (e.g. in conferences),
preparing studies to identify market barriers and funding gaps,
preparing circular economy guidance material and documents.
We help circular businesses mitigate risks and improve the investment readiness of their projects. Here’s how:
support in circular economy project pipeline development,
review circular projects, identification of gaps/weaknesses, advise on improvements,
advise on financing options within and outside the EIB Group,
Business models that increase the value and use of a product during an extended life are essential to shift to a circular economy. Over time, extending product life through proper care and repair reduces the need for people to buy more.
Cities have an important role to play in the transition to a circular economy. They host most of the world’s population, generate about half of the planet’s waste and consume 70% of all resources and energy. But what does a circular city look like? Find out in this video.