Commission committed to eco-innovation to ensure smarter use of scarce resources
Eco-innovative business and technology are key to a new Commission initiative for a resource-efficient Europe as part of its strategy for smart, sustainable and inclusive growth.
“A smarter use of scarce resources is a strategic necessity, but also an economic opportunity,” said Commission President José Manuel Barroso, launching the initiative in January 2011. “Through more resource efficiency, clearer long-term policies and joint investments in green innovation, we are strengthening the basis for growth and jobs for our citizens and delivering on our climate and energy objectives.”
Natural resources, from raw materials to food, water and ecosystems, are fundamental to the European economy. But continuing current patterns of resource use is unsustainable. Global challenges require immediate action to secure the EU’s economic and ecological security. Within the Europe 2020 strategic framework, resource efficiency has the potential to offer competitive advantages to industry, boost green investment and contribute towards sustainable economic growth.
There is strong evidence that resource efficiency leads to reduced input costs, smaller dependency on raw materials and lower CO2 emissions at the industrial level. For instance, unexploited resource efficiency by UK firms can contribute to annual input savings of more than €6 billion, with a payback period of only one year.
In the EU-wide effort to ‘do more with less’, the flagship initiative for resource efficiency lays the foundations for new economic and environmental opportunities. In the coming months concrete proposals will be made by the Commission to flesh out this promising new strategy.
VN:F [1.9.22_1171]Commission committed to eco-innovation to ensure smarter use of scarce resources,
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