G7 decides to support Circular Economy businesses

Bologna, June 2017

Bologna hosted the Environment Ministerial Meeting of the G7 on 11-12th of June.

The Environment Ministers of Canada, France, Germany, Italy, Japan and the United Kingdom, and European Commissioners are responsible for environment and climate topics within the G7 events.

Beside the limitation of the global temperature increases to 1.5°C, financial support for small and medium sustainable enterprises [SME], the support for the significant opportunities for modernizing the economies are on their 2030 agenda. Also, they wish to have an interactive dialogue about climate change with all involved partners.

The defined Sustainable Development Goals (SDGs), also part of the actual G20 agenda, are only to be attained if there is an improvement of resource efficiency globally stated the G7 environmental minister. That includes: Resource Efficiency, 3Rs, Circular Economy and Sustainable Material Management. A “5-year Bologna Roadmap” was introduced which aims to advance activities on resource efficiency. One important part of the Roadmap is:

“Lifetime extension product policies”
A major goal is to assess the impact of Remanufacture, Refurbishment, Repair and Direct Reuse (RRRDR) practices compared to recycling and to create clarity on the RRRDR definitions used, identify and address barriers, including reverse logistic chains, and consider what role the G7 could play. Share practices on activities identifying relevant eco-design criteria for longer life time of products and on their implementation.

The Circular Economy Solutions GmbH [C-ECO] offers all relevant services to transfer linear business into circularity. The new Roadmap of the Environment Ministerial Meeting of the G7 causes grand expectations for the opportunities of the C-ECO business model.

For further information click here 

Pictures and information from: G7 2017 Italy