Longer Lifetime for Products: Benefits for Consumers and Companies

28-06-2016

The report provides an evaluation of the potential impact of a longer lifetime for products in Europe on the economy, on society and on the environment. It provides case studies of existing businesses, the (non-)legal context for an initiative on longer product lifetimes, and a wide range of policy options to optimize benefits to society A minimal increase of 1% of value added by economic activities related to a longer lifetime for products would have an aggregated effect of 7.9 billion EUR per year across the European economy. This document was prepared by Policy Department A at the request of the Committee on Internal Market and Consumer Protection.

The report provides an evaluation of the potential impact of a longer lifetime for products in Europe on the economy, on society and on the environment. It provides case studies of existing businesses, the (non-)legal context for an initiative on longer product lifetimes, and a wide range of policy options to optimize benefits to society A minimal increase of 1% of value added by economic activities related to a longer lifetime for products would have an aggregated effect of 7.9 billion EUR per year across the European economy. This document was prepared by Policy Department A at the request of the Committee on Internal Market and Consumer Protection.