The European Commission is set to adopt the Circular Economy Act to support the EU's goal of becoming a world leader in circularity by 2030, aiming to reduce dependency on imports of critical raw materials and achieve greater self-sufficiency. Businesses like Signify are leading the way in emphasizing resilience and circular practices, showing that the life cycle of products can be extended through refurbishing and remanufacturing. Lawmakers are urged to support reforms to address barriers facing circular products, with proposals for a secondary materials platform, digital product passports, and new industrial hubs. Experts believe that electrification and fossil energy price spikes will help circular products compete with the extractive economy, as the current geopolitical environment supports growth in the circular economy. A future where circularity is widespread and influences global supply chains towards more sustainable practices may be on the horizon.
https://www.climatechangenews.com/2026/06/25/can-the-circular-economy-win-over-big-business/