TREASoURcE aims to initiate systemic change by developing systemic circular economy solutions in cities and regions for currently underutilised or unused plastic waste, end-of-life electric vehicle batteries and bio-based waste and side streams. Implementing these solutions together with companies, societies (including citizens, consumers, communities and regional actors) and experts in the field is expected to significantly increase product and material circulation in the Nordic and Baltic Sea Regions.
Boosting circularity and initiating systemic change
Climate change, environmental degradation and loss of biodiversity are major global threats that require urgent collaborative actions across industry, sectors, cities and regions, communities and citizens. Half of total greenhouse gas emissions and more than 90 % of biodiversity loss come from resource extraction and processing. Global consumption of materials, especially biomass, fossil fuels, metals and minerals are expected to double by 2060 and annual waste generation is estimated to increase by 70 % by 2050.
The combination of the cities and regions will enable large reach and bigger impact and boost the replicability and scalability potential of the circular economy solutions. The systemic circular economy solutions support the regions in introducing circular economy practices to their citizens and businesses to help decouple from fossil virgin resources and excess raw material consumption, increase resilience (self-sufficiency, value chain security, environment, and nature), decrease greenhouse gas emissions, and contribute to climate neutral economies.