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.