The European Commission has launched a new flagship initiative aimed at improving resource efficiency across the European Union.
A resource-efficient Europe – flagship initiative under the Europe 2020 strategy is part of Europe 2020, the bloc’s strategy for sustainable growth and jobs. As well as conserving basic resources like clean air, water, land, forests and food, the EU wants to promote the reuse and recycling of minerals and metals. The initiative is intended to help boost efficiency, productivity and competitiveness – the Commission said that companies which efficiently use raw materials, water and other manufacturing inputs for their products are able to cut costs, helping them to become more competitive. The EU will also propose action on commodity markets and aims to ensure a secure supply of raw materials.
The new plan for more efficient use of natural resources will feed into the EU's common goals on climate change, energy, transport, raw materials, agriculture, fisheries, biodiversity and regional development. Encouraging resource efficiency will be a guiding principle behind new measures the EU is planning on a low-carbon economy, energy efficiency, transport, agriculture, fisheries and biodiversity.
The new measures are seen essential to the EU's economic well-being as China, India and other countries develop their economies, increasing global competition for scarce resources and driving up prices.
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