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Francesco Starace: the “Circular Europe” study

In Cernobbio, CEO Starace pointed out the importance of committing to circularity
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The circular economy brings significant benefits in terms of GDP, employment, investments and labour productivity, in addition to having positive impacts on the environment. This is what emerges from “Circular Europe. How to successfully manage the transition from a linear to a circular world”, a study carried out by the Enel Foundation and The European House - Ambrosetti, in cooperation with Enel and Enel X. “Innovation fuels the circular economy: Enel’s commitment is to combine innovation and sustainability”, pointed out Enel’s CEO and General Manager Francesco Starace when presenting the study’s results in Cernobbio on 5 September.

 

Data show a significant contribution offered by the recent European Green Deal and the related Circular Economy Action Plan to developing a positive and long-term vision for the future of the European Union. Indeed, the study analyses the state of the art of the circular economy in Europe (27 EU countries and the United Kingdom), and more specifically in Italy, Romania, and Spain. This is done by using an innovative analysis model – the Circular Economy Scoreboard – which considers all the macro-dimensions of the phenomenon, such as the use of sustainable inputs, product end-of-life, the extension of products’ and services’ useful life, and the increase in intensity of use. “Aiming at the development of the circular economy is an extraordinary opportunity to make Europe more competitive, to modernise its economy and revitalise its industry, while at the same time creating employment through sustainable and lasting growth”, said CEO Francesco Starace commenting on the results.

Aiming at the development of the circular economy is an extraordinary opportunity to make Europe more competitive, to modernise its economy and revitalise its industry, while at the same time creating employment through sustainable and lasting growth

Francesco Starace, Enel CEO

Some interesting figures: in the European Union, in 2018 the circular economy was connected to 300-380 billion euros of GDP, 90-110 billion euros of investments and up to 2.5 million jobs. The study reveals that, today, Europe shows mixed results in terms of transition to the circular economy: Italy and Spain have a medium-high level of development, while Romania is at the bottom of the ranking. But Romania itself is the country that improved the most over the last five years, which is the period analysed by the study. Spain made intermediate progress, while Italy moved more slowly along the transition to a circular model.

                                     

In his speech, the CEO therefore called for greater attention to be paid to the issue of circularity, also from the world of politics: “In this context, the growing penetration of renewable sources, together with the increased use of electricity as a carrier for end-user consumption, can boost the opportunities arising from the circular economy and is the most efficient way to decarbonise the economy and the society we live in”, Francesco Starace finally said, pointing out the value of the circular economy.

 

 

Enel editorial staff