The functional economy focuses on the use of a product rather than its ownership. Specifically, with the functional economy model, a company sells the right to use a product of which it maintains ownership. The famous example is Michelin, which no longer sells tires for fleets of company cars, but supplies "mobility services" consisting of repairing, retreading and in some cases exchanging tires. The economic outcome is that the company has an interest in making its products last as long as possible because the price is based on usage (in this case, the number of kilometres driven) and thus in reducing waste.
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Sustainable Development Goals: Implementation in Europe – United Nations Environment Assembly (UNEA) Opportunities for Engagement of Major Groups and Stakeholders (MGS)
The EESC is drawing up an opinion on the Commission's recent communication dedicated to waste to energy. This public hearing aimed at gathering stakeholders' views on this critical aspect of the waste management and the transition towards a circular economy.
Many consumer products could have a longer service-life. However, particularly in the IT and household appliance sectors, some components seem to be designed to become obsolete so that the product becomes unusable after a certain period of time or rely on the use of specific consumable items. This has a number of damaging consequences: the cost to consumers of early replacement of the product or dependence to expensive consumable items, the overuse of natural resources and raw materials.
After the horse meat scandal, mad cow disease, swine flu and E.Coli cases in cucumbers, the question remains: is food safety chimera or reality in Europe? On 21 June 2013, Vilnius brought together decision makers, experts, consumers and representatives from the food and agriculture sector to analyse the state of food-related issues and propose solutions to current problems.
In the context of the UN 2030 Agenda, the European Economic and Social Committee will hold a public debate where we will explore how the EESC has worked towards implementing the Sustainable Development Goals (SDGs) in practice – both with civil society, and within the Committee itself.
The study was conducted with the aim of analysing feasibility of a supply chain, to capitalise on unsold seafood products for distribution to deprived people