Increasing the market uptake of secondary raw materials is a key objective of the visionary new European Commission package to transform the EU economy to a more circular one. This package will boost recycling, improve resource use, and open new markets for secondary raw materials – materials that have been recycled from waste that are placed on the market to be used in new products.
Re-injecting these materials into the beginning of the product lifecycle can reduce costs of production and our impact on the environment. Not only is this good for the planet, there is a strong business case for this. It can open up new areas of business, encourage new product development, create jobs, promote innovation and stimulate economic growth.
The EU market for recovered materials and waste is underdeveloped. To realise the full potential of all secondary raw materials, the Commission wants to help build the case for more investment, remove the barriers to their trade, improve waste management practices and build trust in the quality of secondary raw materials through the development of standards.
Source: ec.europa.eu
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