Date: 7 October, 11:00 – 13:00 (Irish time)
Description Transitioning to a circular economy requires a significant increase in circular finance and funding instruments to support the development and scaling of circular economy pilots, business models and infrastructure. Yet both industry and the financial and funding sector encounter considerable challenges. For one, regulations, markets, investment tools and practices, including financial risk assessment, are adjusted to linear models, and negative externalities and risks linked to linear business models are largely not considered.
In an Irish context, the EPA estimate that annually we use 100 million tonnes of materials – where implementing a 5% material improvement across the economy would represent an annual €2.32bn opportunity. Moreover, valorising waste creates opportunities for import substitution and reinforces the economic benefits of regional supply-chains to Irish companies.
If Ireland is to effectively transition to a net-zero carbon economy, and unlock the wider benefits of a circular economy, then it will be critical that our funding and financing landscape is strategically aligned with this goal.
During this 2-hour virtual session, CIRCULÉIRE’s Financing the Circular Economy Thematic Working Group Expert Facilitators, Liz Gavin (Kilpatrick Innovation Ltd.) and Kate Van Der Merwe will present the main findings, innovation opportunities and recommendations identified with input from the public and private working group panel members.
CIRCULÉIRE is a public-private partnership co-created by Irish Manufacturing Research (IMR) and three strategic partners: the Department of the Environment, Climate and Communications (DECC), the Environmental Protection Agency (EPA) and EIT Climate-KIC. Together with industry partners, CIRCULÉIRE aims to assist manufacturers and their supply chains to switch from linear to circular business models.