EU Strategy on Plastics in Circular Economy

Abstract

The focus of thesis is to analysis and highlight the strategy made by European Union (EU)

regarding circular economy. The strategy made by EU had focused in many factors which

will have significant impact at present or in future. Mainly EU demands to analyze the

significant impact of plastics and its products in circular economy as well as impact in

environment, nature, people etc. Most of our economic activities is linear model but with

this new reform and ideas, it will transit to circular model. At this present time, whole world

had shown so many concerns about its negative impact on our eco-system. So many

countries, organization are trying to minimize the effect through different steps and

process. The steps may be recycling, reuse, reducing the use of plastics etc. With the help

of material flow diagram, flow of raw materials can be obtained. The EU had adopted a

framework for monitoring circular economy as a circular economy action plan which keeps

track the progress made in economy and provides information towards business and

consumers on ongoing developments. EU is funding many projects like Horizon 2020, etc.

Due to circular economy action plan, percentage of recycling and the flow of secondary

raw materials in the supply chain is increasing thus helping to form a circular model

economy.