Challenges and Opportunities for the CEAP
Pamela Turok
24 years: Sustainability lawyer
Join Pamela Turok from CMS as she covers the key challenges and opportunities that the Circular Economy Action Plan (CEAP) presents.
Join Pamela Turok from CMS as she covers the key challenges and opportunities that the Circular Economy Action Plan (CEAP) presents.
Challenges and Opportunities for the CEAP
11 mins 32 secs
Key learning objectives:
Understand the key challenges of transitioning to a circular economy
Identify the key opportunities in transitioning to a circular economy
Outline how businesses can support economic growth through circular practices
Overview:
Transitioning to a circular economy poses challenges in supply chain redesign, culture, financial investments, and regulatory adaptations. However, it offers significant opportunities in cost savings, innovative business models, and environmental benefits. By embracing circular practices, businesses can enhance competitiveness, meet evolving consumer demands, and align with emerging regulations, ultimately supporting sustainable economic growth.
Summary
What are the main challenges in transitioning to a circular economy?
Challenges include redesigning supply chains, managing financial investments, changing consumer and business mindsets, navigating regulatory complexities, and developing technology for circular practices.
How can businesses overcome operational challenges in a circular economy?
Businesses can focus on developing reverse logistics, ensuring product quality, and coordinating with stakeholders to incorporate recycling, reusing, and remanufacturing principles.
What economic opportunities does the circular economy present?
The circular economy offers cost savings through material reuse, new business models like "product as a service," innovation in product design, and job creation in recycling and remanufacturing.
How does the circular economy benefit the environment?
It enhances resource efficiency, reduces waste, lowers carbon emissions, and helps preserve biodiversity by minimising raw material extraction and pollution.
What regulatory opportunities exist for businesses adopting circular practices?
Businesses can benefit from regulatory compliance, government incentives, and subsidies, while also gaining leadership influence in setting sustainability standards and accessing new global markets.
Pamela Turok
Pamela Turok is a specialist environment, sustainability, and product practitioner at CMS with over 20 years of experience in environmental law, particularly ESG and product-related matters. She is a Band 1 ranked environmental practitioner and a member of the UK Environmental Law Association. Her practice focuses on a wide range of ESG issues, both at EU and UK levels. She leads multijurisdictional sustainability advice for international clients and has advised on the European Green Deal since its publication in 2020. Pamela speaks on ESG at industry events and is a frequent author of knowledge pieces in this area.
There are no available Videos from "Pamela Turok"