Benefits for Luxembourg

For countries around the world, a Circular Economy will be the route to a better way of life. Its key aims of protecting the natural world and building a more sustainable economy are common to nations of every continent.

But what about Luxembourg? Will we benefit from being part of this new economy? And if so, how? Luxembourg will benefit from the wide range of economic and environmental advantages offered by the circular economy as a global solution to these challenges.

The circular economy opens up new business opportunities by adding value to raw materials and bringing businesses closer to their customers through the ‘product as a service’ model. It makes industries more efficient by reducing dependence on suppliers and waste-related costs, while reducing pressure on the environment through a more rational use of resources.

This approach helps to preserve biodiversity through composting and the reduction of toxic substances, which also improves public health and the quality of life. Green finance is also developing, offering the Luxembourg financial centre new opportunities to support this transition.

The circular economy also promotes job creation in the Grand Duchy and strengthens resilience to global crises through more local supply chains. Circular Economy enables Luxembourg to raise its profile in Europe and attract foreign investment thanks to an innovative and connected ecosystem that is conducive to circular projects.