Ministry of Agriculture, Fisheries, Food and Environment publishes draft of Spanish Circular Economy Strategy

The Ministry of Agriculture, Fisheries, Food and Environment has made public a draft version of the future Spanish Circular Economy Strategy. The draft outlines an Action Plan (2018-2020) with 70 measures aimed at achieving a more innovative, competitive and sustainable growth and development model, reducing waste generation to a minimum. The strategy will have a budget of over €836 million.

The aim is to involve the business sector, civil society and consumers in the process of drawing up the definitive text of the Spanish Circular Economy Strategy. The draft document can be consulted and suggestions can be made until March 12 2018 on the Ministry website (link).

SPANISH STRATEGY IN LINE WITH EUROPE

The new strategy will be in line with the European Circular Economy Package and the Action Plan, presented by the European Commission in December 2015. Nonetheless, it will feature some adaptation to conditions in Spain.

This European Action Plan seeks to help achieve the Sustainable Development Goals (SDG) set in the 2030 Agenda for Sustainable Development, adopted by the United Nations in 2015 as part of a new, ambitious plan to address worldwide challenges.

2020 ACTION PLAN WITH 70 MEASURES

The Spanish Circular Economy Strategy is a document that will facilitate the transition towards a circular economy through the implementation of different action plans. It will enable evaluation of the effects of the different actions as they are taken, thus allowing the necessary adjustments to be made in order to achieve the goals set for 2030.

BUDGET OF OVER €836 MILLION

In some cases, the initiatives can be undertaken with human resources authorised by the proposing department. In other cases, the necessary additional budget will be made available to ensure execution of the initiatives in question. The proposed budget amounts to over €836.7 million. Of this, 57% is earmarked for water, 29% for R&D&i and 4% for jobs. The remainder will be spread across different budget items.

AVAILING OF RESOURCES

It is estimated that the circular economy could generate a profit of €1.8 billion in the EU as a whole in the period up to 2030, which is €0.9 billion more than the current linear economy model. The European Commission estimates savings in industrial raw materials at €600 billion (8% of 2015 EU turnover) and expects around 580,000 new jobs associated with the circular economy model to be created. 30% of these jobs would be linked to full compliance with EU regulations in the area of waste and eco-innovation.