The European Business Summit discusses strategies for reaching the EU's objectives — and whether COVID-19 has actually increased consumer awareness
In the European Union, 93% of citizens see climate change as a serious problem.
This is why this year the EU Green deal and the way it can help the region's economy recover from the COVID19 crisis were among the main topics at the European Business summit in Brussels.
The big question: how could recycling and the circular economy help the EU achieve its green targets?
As of last year six in ten European consumers said they would be willing to pay more for products that have a more sustainable packaging.
Since the COVID-19 pandemic struck the world in March, even more are ready to put their money where their mouth is.
Vasileois Rizos, Research Fellow and Head of Sustainable Resources and Circular Economy, CEP believes that during the pandemic and lockdowns across Europe, consumers have been increasingly interested in green products.
He says spending more time at home made people “rethink the priorities and sometimes better collect or sort out waste.”
Francoise Bonnet, Secretary General at the Association of Cities and Regions for Sustainable Resource management, said consumers needed more information.
And that is what the new Consumer Agenda should help with.
For Joanna Drake, the deputy director-general of the EU Directorate-General for Environment, empowering consumers is a key point on the road to success.
“It is a cornerstone of the success to whether we can make these personal daily changes in our behaviour, ”she said.
“Because it is not only the behaviour of companies, but they do it with the hope also that the consumer will want to change.
“And I just want to say, you know there is a lot of talk about the pandemic, that maybe one doesn't go with another. During the COVID crisis, and it is still on, the demand for sustainable products has actually grown.”
The agenda lays out a vision for consumer policy until 2025 and tackles five areas: including environmental aspects to help consumers play a more active role.