Circular economy: A circular economy is an economic model in which resources are used in a manner that minimizes waste and promotes sustainability. It is based on the principles of reducing, reusing, and recycling resources.

The EU has already been forecast to improve its resource productivity by 15 % between 2014 and 2030 under a business‑ as‑ usual scenario.
Using smart policies to promote the transition to a far more circular economy, as needed by the European Resource Efficiency Platform, it would be possible to double this rate.
While contributing significantly to the sustainability dimension of growth, increasing resource productivity by 30% would likewise have a positive effect on job creation and growth of GDP.
European funds can support Member States’ efforts focusing on integrated waste management including separate collection, reuse and recycling infrastructure.