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Policy challenges: towards a circular economy Sebastien Godinot

Economist, WWF European

policy Office

Green Week, 04 June 2014

Living Planet Index Global Ecological Footprint

Living Planet Report 2012

4 June 2014 - 3

Global ecological footprint by component (2011)

WWF conceptual model of a green economy

Change the

Rules…

TRANSFOR

M!

Play by existing

Rules

DEFEND!

WWF conceptual model of a green economy

4 June 2014 - 6

The cost of creating one job with the EU budget

(GHK, 2011)

Wind creates more jobs per kWh than conventional power

Sources: EWEA, EURACOAL, EUROGAS, FORATOM / PRIMES 2009 update for electricity consumption

Conventional power: smallest amount of jobs per million $

US study

(University of

Massachussets

4 June 2014 - 9

Four key sectors: energy, buildings, food, transport

4 June 2014 - 10

Integrated approach: five key areas of focus (1)

1. Get ambitious climate and energy policies by 2030

Energy efficiency target 2020

Three mandatory targets 2030

2. Set up a proper EU enabling framework for resource efficiency

Mandatory targets: TMC, water, land, carbon footprints

Food

Industrial policy - innovation, green public procurement, eco-labeling

3. Measure what counts

Natural capital accounting - Internalisation in policy processes

4 June 2014 - 11

4. Get effective fiscal and financial tools

Phase out harmful subsidies

Green taxation

Private financial policies and regulations: internalisation, long term

5. International leadership

Post-2015 MDGs

Climate and biodiversity finance

Integrated approach: five key areas of focus (2)

4 June 2014 - 12