Sustainable innovation for circular economy

Circular Economy Plan

This Plan announced a few days ago emphasizes the production, consumption and management of waste and the need to continue innovating and researching to achieve an increasingly circular economy.

In the area of production, consumption and waste management, they include aimed at the inclusion of the circular economy in areas ranging from the food industry to the forestry sector, through the promotion of eco-design or the inclusion of qualifying requirements in the specifications and aid programs, loans and public lines of credit.

The Circular SME initiative is highlighted, to help integrate the circular economy in small and medium-sized companies and aid to design action plans for sustainable tourism is especially mentioned.

Related to consumption, several very interesting actions are presented such as the European Ecological Label and the development of an informative label on the useful life of the product and its repairability index.

In addition, 39 measures for waste management are included to adapt the circular economy criteria in the regulations and waste plans. For example, it includes analyzing the feasibility of establishing a Deposit, Refund and Return system for old mobile phones or electrical / electronic devices.

Innvation is the key, is the challenge

Is it possible to improve repairability overnight? How does the repairability of a product affect the accounts of the businesses that sell that product? Great changes are coming and to be able to face them successfully it is necessary to invest time in innovating, in changing things, in transforming business models to make them more sustainable.

Repairing a mobile phone or ensuring its return to take advantage of its components is just one example applied to one of the thousands of products that we use in our day to day life.

Innovating is the key, it is the great challenge. If you need to transform your business to make it more sustainable as well as profitable, you can count on a partner like Blue Room Innovation. We apply cutting-edge technologies to help you make your sustainable ideas come true!