Circular Economy Act: what are the European Commission's tools to get the economics right?

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Circular Economy Act: what are the European Commission's tools to get the economics right?  The Circular Economy Act, expected at the end of 2026, will provide for the revision of several European instruments to make circular models more competitive on the international scene.  In partnership with The European Commission  READ MORE : http://www.euronews.com/2025/05/28/circular-economy-act-what-are-the-european-commissions-tools-to-get-the-economics-right  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00I think one thing is that we need to change the mindset.

00:03We need to make a single market for waste because now we have a lot of regulation between

00:10our member states that are too fragmentised to get the really economic rise.

00:15The EU has had 50 years of waste legislation in place, still very little circularity.

00:21How can we make it happen for real?

00:23It's one of my frustrations actually.

00:25I don't have the answer why we are not there yet.

00:27But if I look at the figures, in the EU the average is 12%, absolutely not good enough.

00:32We have countries that are better, for example the Netherlands has 30%, Italy 20%, Belgium

00:3890%.

00:39So of course there are, but that is also not good enough.

00:42And also if you look at some of the critical raw materials, we import 90% of this from other

00:48countries around the world and only 1% is recycled or reused, which is of course not good enough

00:55and also not security wise, not economically wise, but I think the time is now for actually

01:00to do a better figure.

01:01How much of the solution is urban mining?

01:05An average family in Europe have 74 digital devices and 17 of these are hidden in the drawer.

01:11And that is because it's an asset.

01:13And I see waste as not only digital, it can be water waste, it can be textile waste.

01:19All of this we need to see as an asset that we also need to use more sustainable, more economical

01:25and also for our own security.

01:27In the end, is circularity more sustainable or strategic issue?

01:32It's the two sides of one of the same coin.

01:36And in my view, and also when I talk with industry, they also see that going more circular is a business

01:42case, but do they get to get the economics right?

01:44There is no contradiction between those two elements and also the third one about the economic security.

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