The European Investment Bank has updated its ‘Circular Economy Guide’ in order to promote a common understanding of the circular economy and drive circular solutions.
The Guide aligns with the European Commission’s recently adopted Circular Economy Action Plan, one of the main pillars of the European Green Deal. It also integrates the findings of report, Categorisation system for the circular economy, drafted by the European Commission’s Expert Group on Circular Economy Finance, in which EIB experts took a leading role.
The updated Circular Economy Guide includes a revised section of circular economy categories and project types, a new section on circular economy in cities, additional project case studies as well as information about eligibility criteria for EIB financing.
“While the EIB (@EIB) is delivering a forceful and immediate response to the Covid-19 pandemic, we remain committed to our climate and environmental sustainability ambitions to align all our financing activities with the objectives and goals of the Paris Agreement by the end of this year,” said EIB Vice President Emma Navarro.
She added: “The circular economy will play an important role in a green recovery following the coronavirus pandemic: it creates local jobs, offers new business opportunities while preserving resources and materials, increasing efficiency and reducing carbon emissions and pollution.”