Session 3.2

Fostering investments in support of the EU’s Circular Economy Package

In collaboration with the European Bank for Reconstruction and Development (EBRD)

Developing a European circular economy is a key driver of the EU’s sustainability agenda. It relies on sustained investments in technological upgrades and support for advancements in innovation. Such efforts are key for the EU to accelerate the transition to a low-carbon, green economy while maintaining global competitiveness and economic growth.
With the EU’s Circular Economy Package entering into force, Member States must engage in considerable efforts to implement its associated directives. For instance, for both municipal waste and packaging waste, significant investments will be necessary to meet the targets for 2025 to 2035.

The EBRD will host a panel discussion on the role of policy and financial support programmes in enhancing circular economy investments and green innovation activities, by European industries and Member States.

To move away from linear consumption practices, markets and business will need the support of conducive policy frameworks and access to dedicated finance from institutions like the EU and the EBRD, along with a clear understanding of how to align their operations.

The session will explore the most up-to-date developments and on-going initiatives to support the transition to circular economies, from policy recommendations to circular economy financial tools. Some examples of topics for discussion are understanding linear risks for businesses, the need for a harmonised circular economy taxonomy, and supporting policies and instruments for wider investments in green innovation.