Circular economy for a sustainable future

The circular economy action plan was debated in today’s plenary session of the European Parliament (EP). In her speech, Fidesz MEP Edina Tóth emphasized that the circular model is key to put our economy on a sustainable path and to meet the global sustainable development goals. Accelerating the transition to this economic model requires investment in innovation and supporting the adaptation of European industry is also needed. She added that the Commission must therefore make serious effort in both areas.

The circular economic model can significantly reduce the negative impacts of resource extraction and use on the environment and contribute to the restoration of biodiversity and natural resources in Europe. At the same time, MEPs warned that much remains to be done to step up EU level action, to achieve the full circularity, to exploit competitive advantages for EU businesses, to implement waste legislation and to develop the secondary raw materials market.

MEP Tóth welcomed that the EP report identified the ways for creating a climate-neutral, competitive circular economy that puts the least possible pressure on natural resources, freshwater resources and ecosystems. According to the Fidesz MEP, the circular economy is more than recycling, its assets overarch industries. “What is waste for one industry, can be a raw material for another, so valuable collaborations can be made between industries, both to reduce costs and increase efficiency and brand value”, she added.

The EPP Group politician pointed out that the circular economy can open up many new opportunities throughout the supply chain, from suppliers to manufacturers, logistics systems to consumers. The transition to an even more circular economy requires the active involvement of citizens in changing consumption patterns.

“On certain issues, Hungary and the European Union have very different views, however on others, such as the circular or green economy, Brussels can consider us as one of its strongest allies. Even greater efforts are needed to implement waste legislation and develop the market for secondary raw materials. It is also essential to speed up the work started at EU level on this issue if Europe is to make full use of the transition to a circular economy”, concluded MEP Edina Tóth.