EC Consultation on the Circular Economy
CCS
There are strong environmental imperatives for reducing CO2 and the circular economy can play a critical role in delivering on emissions targets. At present, conventional fossil fuel energy plants along with many industrial facilities operate a linear process
In many circles abating CO2 is seen as purely a liability and not yet as a business opportunity. As such, there is a growing risk that industry with high process emissions will either close or move out from under legally binding caps or stay and seek to undermine the meeting of emissions reductions targets and climate ambition more generally. Helping markets move away from BAU practices and adapt to low-carbon products will require that governments support circular business models and remove barriers that prevent low-carbon innovations being adopted in mainstream markets and products.