Dutch government study: Circular economy could add €7.3bn to national GDP

25 October 2013 – Researchers at TNO have concluded that moving towards a circular economy could add around €7.3bn per year to national GDP. The study, called ‘Opportunities for a Circular Economy in the Netherlands’ was produced for the Dutch Government and recommends steps to introduced over a seven year period.

25 October 2013 – Researchers at TNO have concluded that moving towards a circular economy could add around €7.3bn per year to national GDP. The study, called ‘Opportunities for a Circular Economy in the Netherlands’ was produced for the Dutch Government and recommends steps to introduced over a seven year period.

The study provides an in-depth analysis of the metals and electrical products, and, agro-foods sectors, calculating savings and then extrapolating onto the rest of the economy to reach the €7.3bn figure.

In the first three years, the government is encouraged to grant more environmental subsidies to help manufactures invest in technologies that will prolong product lifetimes and to encourage recycling of LEDs. A reduction of VAT for circular services and an increase in the price of raw materials are also advised.

The next four years would entail a continued increase in the price of raw materials, research into recyclable plastics and the introduction of product service systems for the most expensive electrical products.

Click to access the study from Government of the Netherlands.

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