As part of the The Circular Economy 100 collaborative project a new white paper has been published, highlighting the potential of remanufacturing for industry.
The Ellen MacArthur Foundation was launched in 2010 with the aim of accelerating the transition to the circular economy. Since its creation, the charity has emerged as a global thought leader, putting the circular economy on the agenda of decision-makers around the world. The charity’s work focuses on seven key areas: insight and analysis; business; institutions, governments, and cities; systemic initiatives; circular design; learning; and communications.
The Circular Economy 100 is a pre-competitive innovation network of the Ellen MacArthur Foundation, established to enable organisations to develop new opportunities and realise their circular economy ambitions faster. It brings together corporates, governments and cities, academic institutions, emerging innovators and affiliates in a unique multi-stakeholder platform. Specially developed elements help members learn, build capacity, network and collaborate with key organisations around the circular economy.
Co.projects are opportunities for formal precompetitive collaboration between CE100 members. They are driven by members, for members and their focus can range from research initiatives to pilots and toolkits.
As part of this co.project, Lexmark, Bridgestone, Teleplan, the European Remanufacturing Council, Schneider Electric, Solvay and Michelin published a whitepaper called ‘Better Than New’ on the real potential of remanufacturing.
The whitepaper states that “Remanufacturing already represents a €30 billion market in Europe, but its growth is constrained by a regulatory framework refined over many decades to assist the traditional “take, make, waste” model of the current linear economy.”
“If this opportunity was understood and seized upon by the industry and policymakers, then Europe could be home to the largest remanufacturing market in the world – it could at least triple in size by 2030,” the paper adds.
Included in the whitepaper are recommendations for policy-makers and business organisations.
