What are the challenges of circular economy and collaboration? 

 

The circular and collaborative economy is a hybrid concept that combines the best of both worlds: Resource optimisation and peer collaboration to create a new mode of sustainable and environmentally friendly consumption.

Circular economy

1% of the European Union’s GDP:

• Resource rationalisation;
• Waste reduction.

Collaborative economy

0.17% of the European Union’s GDP:

• Resource sharing or exchanging;
• Peer collaboration.

Circular and collaborative economy

• Source of innovation, competitiveness, and value creation;
• Long-term perspectives.

Sources:

European Commission, Circular Economy Fact Sheet, 2020;

European Commission, Study to Monitor the Economic Development of the Collaborative Economy at sector level in the 28 EU Member States.