2019-12-22 08:30:00 Sun ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
European Commission President Ursula von der Leyen now protects the European circular economy and green growth from 2020 to 2050. The new circular economy represents a major European effort to achieve net-zero carbon emissions by 2050. This effort continues to be the top priority of the new European Green Deal. From December 2015 to present, the first circular-economy action plan serves as one of the hallmarks of the European Union. One of the key highlights is a universal ban on single-use plastic products such as cutlery and food containers. The European Union plans to recycle 70% of all plastic packages by 2030 under the Green Deal. Circularity can bridge about half of the climate-change gap toward the 1.5°C target for sustainable economic growth and employment. The prescient circular solution can help reduce hundreds of millions of tons of CO2 emissions.
The E.U. Council of Ministers now demands more sustainable policy measures to encourage the re-use of both batteries and plastics across different industries such as food, transport, and construction. As European Commission President Ursula von der Leyen advocates, eco-design technology not only helps improve energy efficiency with lower CO2 emissions worldwide, but also contributes to better social harmony and economic growth.
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