WS8 Access to finance for Circular Economy projects–as good as it gets?

 

· Workshop Organiser: European Investment Bank (EIB)

· Workshop Chair: Shiva Dustdar

· Date and Time: Tuesday 13, 08h00 – 09h50 

· Room: Wisshorn

· Description: 

A Circular Economy aims at decoupling the creation of wealth and jobs from the consumption of resources (e.g. energy, water and primary raw materials), by maximising resource productivity and minimising waste and resource extraction. Consequently, Circular Economy entails deep transformations of production chains and consumption patterns so that the value of end products, components, materials and resources is maintained throughout the value chain and the products’ economic life. The successful implementation of many such transformations will depend on an appropriate access to the necessary sources of finance. Will the deep transformations triggered by a transition to a Circular Economy also require different financial products?

Many circular business models are still in their infancy, lacking the track record that private investors and commercial banks typically expect before deciding to support them. New risks are apparently faced and new metrics need to be put in place to quantify the additional value that Circular Economy projects can yield. Are financial institutions and investors in general prepared with the right sort of analytical framework and financial products to support such projects? How can new risks be mitigated?

The purpose of this workshop is to discuss how existing or new financial instruments could adequately support or even accelerate the transition to a Circular Economy. The workshop will focus on three key Circular Economy models and present some of the preliminary findings of an ongoing EIB study in order to trigger an exchange of ideas between participants on the role that financial instruments can play in the Circular Economy context.