The study, Luxembourg as a Knowledge Capital and Testing Ground for the Circular Economy, performed by the international institute EPEA with support from Returnity Partners and in consultation with more than 50 stakeholders in Luxembourg, will be used by the Ministry to proactively involve stakeholders in developing circular economy roadmaps.
The study finds:
- The potential is substantial for using the circular economy to further improve competitiveness, employment, cost savings and environmental impacts. Circular economy knowledge and know-how are economic capital, exportable as services and based on scaling up existing models as well as testing new ones.
- Secondary raw materials are central to survival for leading Luxembourg industries. Those industries have substantial circular flows and business models to build on. For example, Luxembourg is already a testing ground for circularity know-how in everything from healthy interiors to steel renting and building materials substitution, with knowledge-based ICT and leasing industries driving circularity logistics and services.
- The circular economy starting position in Luxembourg is ‘excellent’ with capabilities and motivation in place. Luxembourg’s exemplary society based on equity, cultural tolerance, economic stability & diversity, responsive government, manageable size and especially quality make the country a powerful testing ground for circularity.
- However, maximising the circularity potential depends on initiating pilot projects and an enabling framework in collaboration with industry and researchers, to accelerate the transition towards a diversified circular economy at scale.
- Luxembourg has a high interdependency with the Greater Region for circular materials flows as well as a high potential to improve economic benefits from those flows.