Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
The EU Circular Economy Monitoring Framework has been developed to monitor the progress of the EU and Member States in the transition to a circular economy. It uses aggregated macroeconomic indicators suitable for understanding how the whole economy is changing.
The European Commission has also launched a contracted inventory process to develop and test indicators and methods to measure the transition to a climate-neutral circular economy, its benefits, challenges and trade-offs under the Horizon Europe work programme for 2021.
A number of different indicators are currently used for this purpose, often with low information value or outright erroneous and misleading. Several organisations attempted to develop more robust indicator systems and offer them to their members or clients.
While this effort is useful, none of these organisations has the authority to propose a monitoring system that would be accepted by a majority of economic actors and stop the proliferation of micro-level CE indicators.
The European Commission is in the unique position to convene relevant stakeholders and facilitate the process of development of harmonised CE micro-economic monitoring indicators. Financial institutions are turning to the European Investment Bank (EIB) to organise a similar process to harmonise the monitoring indicators suitable for financial institutions.
Projects should develop and test a set or several sets of simple and meaningful indicators for monitoring of progress towards circular economy at the level of individual economic agents, i.e., in cities and regions, in households, or at different company levels. These indicators should allow circularity monitoring for the addressed entities, but also help public administration and financial institutions in their decision-finding in support of circularity transition measures.
Proposals should test the operability of these indicators in the public/private investor environment, or in municipal/regional governance.
100%
Expected EU contribution per project: €4.00 million.
The Joint Research Centre (JRC) may participate as member of the consortium selected for funding.
A number of non-EU/non-Associated Countries that are not automatically eligible for funding have made specific provisions for making funding available for their participants in Horizon Europe projects.
Research and Innovation Foundation
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Contact Persons:
Marcia Trillidou
Scientific Officer A’
Email: trillidou@research.org.cy
Dr. Mary Economou
Scientific Officer
Email: meconomou@research.org.cy