Principaux défis et opportunités de l économie circulaire pour le Luxembourg Francine Closener, Secrétaire d'état à l'économie

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2 Agenda Principaux défis et opportunités de l économie circulaire pour le Luxembourg Francine Closener, Secrétaire d'état à l'économie Conclusions de l étude sur le potentiel de développement de l'économie circulaire au Luxembourg Christian Tock, ministère de l Économie, Direction des nouvelles technologies Projets pilotes en relation avec l économie circulaire au Luxembourg Romain Poulles, Président Luxembourg EcoInnovation Cluster Collaboration «InnovFin Advisory» entre la BEI et le Luxembourg Shiva Dustdar, Head of Research, Development and Innovation Advisory at European Investment Bank Discours de clôture Camille Gira, Secrétaire d'état au Développement durable et aux Infrastructures 2

3 LUXEMBOURG AS A KNOWLEDGE CAPITAL AND TESTING GROUND FOR THE CIRCULAR ECONOMY Francine Closener Secrétaire d État à l Économie

4 LUXEMBOURG AS A KNOWLEDGE CAPITAL AND TESTING GROUND FOR THE CIRCULAR ECONOMY Christian Tock Direction des nouvelles technologies

5 Why Circular Economy? 5

6 Why Circular Economy? It s about going green 6

7 Why Circular Economy? It s about this kind of green 7

8 Key messages 8

9 Key messages Decoupling growth from resource consumption» Growing and consuming but with a fixed or renewable stock of materials Replace raw material costs with labour costs» Return, reuse, repair, refurbish,...» Cost neutral shift, encouraged by tax shift,... Sell services, not products» Product responsability stays with the manufacturer Material banking» Products are stocks of well defined reusable materials 9

10 Key messages New resiliant business models» Increasing competitiveness and strong bonds with stakeholders It is a global and cross-sector approach» All sectors are concerned but they will evolve at different paces It is not about recycling that results in downcycling» Review the whole value chain, from the design to the dismantling It is notabout a perfect circle» Products are mostly transformed into different products 10

11 Key messages Doing a lot of good instead of doing less bad Source EPEA 11

12 Key messages Riding the bycicle 12

13 The study 13

14 The study EPEA in association with Returnity Partners Focus on materials Assessment of the situation today Assessment of the potential for Luxembourg S.W.O.T Strategies and Roadmaps Study Highlights available as download eco.public.lu / ecoinnovationcluster.lu / letzgreen.lu 14

15 The study The plan Visionary Mission Strategic Policies Qualita ve Objec ves 7-10 years Big Wins 3-7 years Goals & Milestones Today -> 3 years Quan ta ve Quick Wins Today -> 18 months Mid-Term Wins 18 months -> 3 years Source EPEA 15

16 Situation today Circularity is already an economic imperative for Luxembourg and is being used to generate employment and stay competitive» steel, aluminium, glass, and other industries are experts at reusing secondary raw materials Businesses use it but don t call it circular economy, hence the positive impacts are understated Nevertheless, the economy is still predominantly linear 16

17 Situation today Circularity already supports jobs 1 billion annually in economic activities in Luxemburg Including large manufacturers» ArcelorMittal, Eurofoil, Guardian Industries, Norsk, Tarkett, Tontarelli,» building developments like Ecoparc Windhof» retailers Oikopolis, Pall Centerand Cactus» Luxembourg leads Europe in automotive leasing, uses building equipment leasing and is starting car sharing 17

18 Materials flows & materials assets Logistics: 50 million tonnes per year transported through hubs Excavation: inert waste. ~10 million tonnes per year» might also be considered an asset CO 2 emissions: ~6,2-10 million tonnesper year but skewed by tank tourism Steel & Aluminium from recycled sources ~2,1 million tonnes per year Waste exports tonnes per year Incineration tonnes per year 18

19 SWOT For some fractions sub-scale volumes and limited value chain coverage Excellent geographic location and multi-cultural capabilities with an already extremely high share of transit volume and business relationships The Greater Region is an important partner Lack of economic indicators, statistics and LCA scoping parameters to measure progress Excellent R&D and piloting capabilities across wide spectrum of CE-relevant topics 19

20 SWOT Traditional forces blocking innovation and systems redesign Diversified economy encapsulated in a focused geographic location with strong personal and professional ties to effect cross-sectorial change Little awareness about CE-opportunity in business community Potential for confusion about circularity theory and practice Motivation is very high A government with clear commitment to guide economic development according to strategic objectives 20

21 Potential Systems and Services Products Components Materials» Supplier communities, logistics, ICT, buildings» Automotive, construction, food, glass, household goods, metal» Re-using, remanufacturing, recycling» Paper, metal, polymers, biochemicals, biomass, secondary raw materials and composites Additives and Ingredients» For composites, glass, metals, polymers & wood Gouvernment leadership will enable the private sector to seize opportunities to generate positive impacts and added value 21 through innovation

22 Potential Generate 300 million to 1 billion EUR annual net-material cost savings jobs especially for young unemployed in the next years» if robustly applied in the construction, automotive, manufacturing, financial, logistics, R&D, and administrative sectors. Strengthen Luxembourg s resilience and support new employment by improved material productivity as well as innovation 22

23 Enabling Strategies The study considered how Luxembourg might focus on doing a few things well but still support diverse stakeholders in its economy The potential solution is for the government to lead on selected priorities while empowering stakeholders with educational and training platforms to innovate on their own Leadership on selected priorities includes primarily supporting light-house initiatives for example»hands-on education & training» Pilot projects for upcycling & classifying secondary raw materials» National quality co-brand circularity pilots»pilot transforming supplier chains into circular supplier communities 23

24 Structuring and federating Ge ng Started. Circular Economy Working Group & Pathway to Pilot Projects Ministry of the Economy Facilitator POTENTIAL TASK FORCES CE Co-branding to support exis ng retailer & manufacturer labels Pilot projects e.g. local products. Ecoinnova on Cluster Advisory Board ========== Bureau Management CE WORKING GROUP comprised of exis ng study Steering Commi ee members. ===================== CE Quality Assurance & Alignment for CE messaging & 20+ parallel ac vi es described in table 2.1. CE Supporters Group built around ~50 interviewees for study. Provides feedback & contributes members to CE taskforces. Facilitator Facilitator Facilitator CE Manufacturing. Addi ves, Products, Materials Up-cycling with Stakeholder Pla orms Circular supplier communi es for upcycling scrap & cullet based on supplier chains in GR. Posi vely defined addi ves & materials in manufacturing based on Tarke etc. R&D on biocompa ble biobased composites to support exis ng ini a ves. CE Construc on, Residue Re-use Revalorising MSW Construc on residues Designs for disassembly CE Reverse Logis cs & ICT including repairing & leasing, sharing sites, ICT-based services Paper upcycling customer/logis cs community. Pilot projects e.g. posi ve lists, circular steel community. Pilot projects e.g. valorising MSW, excava on residues. Lighthouse building, Supplier community. Pilot projects e.g. La Poste, Sharing sites. Notes. Mul -stakeholder Task Forces might start selec vely according to available resources. Links will be made with other Innova on Clusters through the CE working group. Other Ecoinnova on Cluster ac vi es not shown here. Facilitator Facilitator CE Banking, Investment & Insurance. CE Measurement, Regula on, Incen ves LCA, secondary raw materials standards, taxa on. Pilot projects e.g. Speed Da ng. Pilot projects. Secondary raw materials. Diagram EPEA Facilitator CE Educa on &Training Pilot projects. CE modules. 24

25 Options Business a usual, go with the flow Wait until someone else does the job 25

26 Options Get in there together, start paddling Take the lead 26

27 Thank you for your attention Christian Tock Directorate New Technologies 27

28 Action plan Romain POULLES Président EcoInnovation Cluster KEY MESSAGES Decoupling growth from resource consumption Replace raw material costs with labour costs Sell services, not products Material banking New resiliant business models It is notabout recycling that results in downcycling It is notabout a perfect circle It is a global and crosssector approach

29 Overview No action-plan without participants Call for participants, ideas and projects! Linkedin Stakeholders decide what is feasible and what will be done Top down projects AND bottom up projects

30 Overview Examples where leading partners are already identified 1 st projects beyond the study Road-map step by step Quick-wins (18months), mid-term wins (36months), big-wins (80months)

31 Initiating actions 10 sectorial roadmaps Review of each roadmap with concerned stakeholders Goal setting process Continuous working plan

32 Action plan examples quick-mid/term or big wins Top down examples Database on material flow ecobusinessparc LCA / balance sheet National CE co-branding Construction & excavation waste program CE Training space CE Finance initiative Bottom up examples Papercycling(on Kirchberg) Biosourced/ Recycled Construction materials Reverse logistics Residential Building Pilot

33 Top-down projects examples

34 Database in material-flow Provides economy-wide data on material use and flow Allows the analysis of past trends as well as potential future developments Can be used in national planning, especially for scarce resources, and allows forecasting!!! a good database will immediately show opportunities > starting point

35 Extended LCA: LCA for circularity, Luxembourg as a knowledge hub and leader in the LCA circularity field LCA already broadly used but upcyclingand circularity not taken in account specifically Develop methods to quantify positive impacts and multiple re-use of materials Adapting LCA is central, measuring impacts of CE is a tool to guide company and government actions Establish an LCA task-force for circularity ( LIST & company R&D centres,..), redefine scoping phase of LCA to include the bi-cycles of CE Define objective measurement parameters

36 National Circularity co-label for circularity inspired products Not a new label, but leveraging existing labels ( e.g.: Made in Luxembourg, diff. Labels of «buy local»,...) Way of measuring how effective a product or company is in making the transition from linear to circular, Designed for circularity product / company Competitive advantage: The measurement system will provide some essential components for enabling acceleration towards circularity within businesses and across their supply chains. Environmental and Economic Benefit:The metrics will assist internal business cases for accelerating the transition towards more circular business models. Concerns: agriculture, manufacturers, retailers, industries,..

37 National CE co-branding & potential LCA task force Ongoing Circular Economy initiatives in Luxembourg ArcelorMittal Eurofoil Guardian Industries Norsk Tarkett Tontarelli ecoparcwindhof Floww2 Loxam SDK Valorlux etc

38 Construction excavation waste Largest waste fraction generated in Luxembourg Develop innovative solution to Reduce construction waste transform a cost in a potential added value ( landscaping, vertical recreation facilities..) 2-3 projects for piloting best practices on designs for disassembly and assembly, on site packaging, waste sorting and procurement methods And then Identify regulatory barriers for re-use of constr. waste ( transborder, ) Database on materialflow Establish an internet excavation resources marketplace (cffloww2.com model)

39 Training spacefor CE Education and training hub for creating new jobs and improving competiveness using circularity skills and technologies Create a hands-on training center, disassembly and reassembly, remanufacturing, repair,.. Showroom for products designed for circularity Create a platform for CE training and create CE plug-ins into Luxembourg existing education programmes Upgrade & develop new skills and competencies for workers ( repairing, remanufacturing, disassembling, reverse logistics,..) Mix of off-site training and in-house experience tailored to individual companies

40 Finance industry : KPMG Structured approach needed to show finance opportunities for circular economy initiatives Luxembourg s fiscal and legal environment existing benefits and required development Matchmaking Finance community with CE R&D and entrepreneurs New focus on innovative products / innovative firms involved in circular economy Developexchange platform for knowledge sharing and as investor industry meeting platform Explore the possibility to develop a Circular Economyspecific fund vehicle Build up on existing Responsible Investment policies and standards Attract new companies that are involved in circular economy initiatives to Luxembourg

41 EcoBusinessParc 6 workgroups for future business-parcs Energy neutral Circular material flow Digital parc Optimized social links, links with natural environment Ecomobility Resources optimisation and recovery

42 Bottom up projects examples

43 Construction materials: Chauxde Contern Partners: Uni.lu, LIST, UniLiège, UniLorraine, cimalux, CoDem, LCCE an Neobuild Usage of bio-sourced materials for construction materials ( eg: miscanthus,..) Integration of recycled material Testing new business models ( service models,..) Others : Bio-composites platform

44 PapercycleKirchberg: KPMG Make office paper procurement more cost efficient and sustainable by closing the loop Analyse paper consumption, procurement and recycling processes Design a new process with ONE recyclerwho collects used office paper, recycles and returns it to the original office White office paper can be recycled up to seven times without compromising quality PSF (confidentiality) and shredding /ink (technical) requirements White office paper should be collected separately from lower quality paper in order to avoid down-cycling and to keep the same level of quality Incorporate surrounding companies to achieve economies of scale Sufficient quantities needed in order to enable efficient logistic processes ( Kirchberg> 5000 t/y)

45 Reverse logistics: POST Luxembourg as the European Reverse logistics hub, leveraging it s existing assets to provide new services RL: stands for all operations related to the reuse of products and material Process of moving goods from their typical final destination for the purpose of capturing value Can include remanufacturing and refurbishing Takebacksystems, disassembly stations, payment methods,.. needed

46 Reverse logistics: POST POST: Significant spare capacity on return trips Build on existing logistics hub, support traditional business and improve efficiency of existing assets and services Immediate opportunities Paper collection and re-distribution ( see PaperCycleProject) Re-commerce platform Closed loop operations to showcase ability to collect, valorise and re-distribute Recover WEEE (electrical & electronical waste) Potential for company-specific pilots to show feasibility, etc

47 Residential Building Pilot: Heliosmart, LCCE Energy neutral De-constructible Material passport, 100% defined materials Products as a service models Continuous material cycles Examples of desired results: Materialsare appropriate for abiological-ortechnological cycle; C2C certified products are used if possible; Residues are raw materials for new products; Products and materialshave an addedvaluefor users and the environment;

48 Call for participants, ideas and projects In every sector, every business To initiate actions Accelerate implementation Raise awareness Stay tuned new members welcome Linkedin

49 Thank you for your attention! Romain POULLES Président EcoInnovation cluster

50 Luxembourg as a Knowledge Capital and Testing Ground for the Circular Economy Shiva Dustdar EIB 9 February

51 Introduction to the European Investment Bank Created with the Treaty of Rome in 1958 Owned by 28 EU Member States EU s policy-driven, long-term lending institution Self-sustaining, non-profit maximizing institution Sizeable capital of 242 billion Largest Multilateral Development Bank by assets ( 525bn in 2014) EIB Ratings Long-term Outlook Moody s Aaa Stable Largest Multilateral Development Bank by annual lending ( 67bn target 2014) Largest supranational borrower on the capital markets ( 70bn target 2014) S&P AAA Stable Fitch AAA Stable (as of September 2014) Highest credit rating, 0% risk-weighted and the only supranational bank with direct access to a central bank liquidity (ECB) Projects in over 160 countries EIB is the parent company of the European Investment Fund (EIF) EIB 51

52 EIB Activities LENDING Loans Guarantees Equity participations BLENDING Combining EIB loans and EU grants Leveraging EU and Member States budget resources ADVISING Strong inhouse expertise Technical and financial advice Technical assistance initiatives The EIB is NOT lending taxpayers money EIB 52

53 Circular Economy meets EU Policy Objectives Innovation and Skills and Climate Action (as of September 2014) Circular Economy is key for achieving the overall objective of making Europe more resource efficient and increase resource productivity (see Towards a circular economy: A zero waste programmefor Europe COM/2014/0398 final EIB 53

54 Circular Economy - InnovFin Advisory Scope of Work for the Ministry of Economy The EIB Advisory Mandate will focus on the following two areas of activity 1. Assess the financeabilityof the identified pipeline of Circular Economy projects by EIB 2. Review if and how InnovFin sfinancial products are fit for purpose to support Circular Economy projects Circular Economy Projects Project Review Financial Products Review Light Project Advisory InnovFin Potential new instruments EIB 54

55 EIB review of the projects identified by EPEA Assess the information provided by companies that want to invest in Circular Economy-related projects Gather data on their Investment plans/needs Access to finance conditions ( identification and description of existing financing mechanism, such as grants, equity, hybrid instruments, loans, etc.) Project Review Identify and short list the projects that could, in principle, already be supported through EIB financial instruments Offer the promoters the possibility of following up with the EIB lending teams EIB 55

56 InnovFin Product Overview EIB 56

57 EIB review of existing financial instruments Assess whether existing EIB financial instruments are fit for purpose Assess the constraints the banking community faces when supporting CE Propose new products/features to meet the needs of Circular Economy-related investments Engage in a wider consultation process in close collaboration with the EcoInnovationCluster and KPMG EIB 57 InnovFin Advisory 57

58 Web-application to provide eligibility information on InnovFin products EIB 58

59 EIB contacts for more information Shiva Dustdar Head of RDI Advisory Advisory Services Department Phone: (+352) Fax: (+352) European Investment Bank 100, boulevard Konrad Adenauer L-2950 Luxembourg Stefan Acsinte Adviser RDI Advisory Advisory Services Department Phone: (+352) Fax: (+352) European Investment Bank 100, boulevard Konrad Adenauer L-2950 Luxembourg EIB 59

60 European Investment Bank Disclaimer This Presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the European Investment Bank ( EIB ). The terms and conditions are intended as an outline for discussion purposes only and made on an indicative basis. All figures set forth in this Presentation are subject to change, to a satisfactory due diligence and to all necessary internal approvals of EIB(in particular of its credit committees). The information in this Presentation reflects the prevailing conditions and the view of EIB as of this date and are accordingly subject to change and based on carefully selected sources believed to be reliable. EIB has not independently verified this information and does not make any representation or will be liable that such information is accurate, valid, timely and complete. This Presentation is provided without any liability whatsoever by EIB and shall not constitute any obligation of EIB to extend credit facilities to the Company or to carry out a due diligence review of the aspects relevant for the financing of the Project. Neither this presentation nor any of its contents may be duplicated, published or used for any other purposes without the prior written consent of EIB. European Investment Bank EIB 60

61 LUXEMBOURG AS A KNOWLEDGE CAPITAL AND TESTING GROUND FOR THE CIRCULAR ECONOMY Camille Gira Secrétaire d'état au Développement durable et aux Infrastructures

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