The objective of this paper is to provide information and estimates about the impacts of managing the large number of lithium-ion batteries for electric vehicles that enter the market and will reach the end of their life in the coming years.
This report The Role of Business in the Circular Economy: Markets, Processes and Enabling Policies analyses the key obstacles that need to be addressed in circular economy, explores numerous policy areas at the EU and national level where support can act as a catalyst for market transformation, and puts forward actionable policy recommendations.
In recent years the circular economy has received increasing attention worldwide due to, inter alia, the recognition that security of supply of resources and environmental sustainability are crucial for the prosperity of countries and businesses.
Small and medium-sized enterprises (SMEs) are increasingly aware of the benefits of closing loops and improving resource efficiency, such as saving material costs, creating competitive advantages, and accessing new markets.
In December 2015, the European Commission published the new Circular Economy Package, containing a host of initiatives to reduce waste and to increase the longevity of products and materials, but it failed to set a headline target for reducing the EU’s use of resources.
In the EU, resource efficiency has been high on the political agenda since 2011, when the European Commission first included it as one of the seven flagship initiatives in its Europe 2020 Strategy for “smart, sustainable and inclusive growth”.
Eco-innovation has been identified as one of the key drivers of change that need to be harnessed for a sustainable future. Given the complexity of eco-innovation as a concept, there are various challenges to measuring its progress.