Asri Farida Sihaloho | 30 Jul 2020
Europe’s economy has generated
unprecedented wealth over the last
century. Part of the success is attributable
to continuous improvements in resource
productivity – a trend that has started
to reduce Europe’s resource exposure.
At the same time, resource productivity
remains hugely underexploited as a source
of wealth, competitiveness and renewal.
This study provides new evidence that a
circular economy, enabled by the technology
revolution, allows Europe to grow resource
productivity by up to 3 percent annually. This
would generate a primary resource benefit
of as much as €0.6 trillion per year by 2030
to Europe’s economies. In addition, it would
generate €1.2 trillion in non-resource and
externality benefits, bringing the annual total
benefits to around €1.8 trillion versus today.