The European Green Deal launched a concerted strategy for a climate-neutral, resource-efficient and competitive economy. A few months later, the 2020 Circular Economy Action Plan stated that scaling up the circular economy will be decisive for achieving this Green Deal vision. Moreover, it will also serve to leaving no one behind. Circular economy sectors such as recycling, repair and reuse, are job-intensive, and are therefore expected to contribute to increased local employment.
The Circular Economy Monitoring Framework, set up to measure the progress of the Circular Economy in the EU, includes a set of indicators to follow track of the competitiveness and innovation of circular economy sectors. This includes data on investments, jobs and value added, and on innovation. The assessment here focusses on the contribution of the circular economy to the first three aspects, based on official data from the Circular Economy Monitoring Framework.