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Austria – One of the Leaders in the Field of Circular Economy

2. July 2019

Highly developed and part of daily life for many

60 million tons of waste provide jobs for more than 27,000 employees and a revenue of more than 4 billion euros per year. These are the key facts for the recycling industry in Austria.

In 2016, the European Union published the CEP (“Circular Economy Package”) that aims to increase the recycling rate and to reduce the amount of landfill waste. The package includes more than 50 measures focusing on plastic, food waste, building materials, biomass and critical raw materials. The current recycling rate of the EU-28 is approximately 46% and should rise to 50% by 2020. Austria is one step ahead and already fulfills the EU regulations with a recycling rate of 58% (see chart).

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In Austria the circular economy is not only a benefit for the environment but also has a highly positive impact on the overall economy. Through many years of research and development, innovation and investment in high-tech equipment Austria acquired in depth know-how and developed ingenious technologies. Being a growing market the circular economy even holds an enormous potential for the creation of new jobs. All over Europe more than 170,000 new jobs will be created in this sector by 2035.

The recycling rate of packaging materials should be further improved across the EU by 2025. Again, Austria already meets future criteria: paper (85%), glass (86%) and metal (87%). Only within the field of plastic packaging (35 %) Austria does not yet manage to fulfill the recycling rate of 50 % demanded by 2025. 

The idea of the circular economy is to keep raw materials in circulation as long and effectively as possible. Circular economy can be realized through an economical use of raw materials, longevity and reusability of recourses.

 

Last modified
3. July 2019
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