A boost for the circular economy: JICE initiative aims to mobilise 16 billion euro by 2025

A boost for the circular economy: JICE initiative aims to mobilise 16 billion euro by 2025

The project counts CDP among its partners and by the end of 2023 had triggered investments totalling 11.6 billion euro

A total commitment of 16 billion euro by 2025 to support and promote circular economy projects. Announced at the 2024 World Circular Economy Forum, the JICE (Joint Initiative for Circular Economy) initiative, with Cassa Depositi e Prestiti (CDP) among its founding partners, revealed its plans. By the end of 2023, the project had already mobilised investments exceeding 11.6 billion euro, surpassing the initial commitment target of 10 billion euro over the previous five years.

Funds have been allocated for projects that seek to implement circular economy mechanism across various sectors: spanning agriculture to industry, mobility to urban development and waste management to water resources, all of which are supported by information exchange, knowledge sharing and collaborative initiatives among stakeholders.

The event also served as the platform to announce the addition of a new member to the initiative, the Dutch national promotion institute Invest-NL, thus joining the existing members: Poland's Bank Gospodarstwa Krajowego (BGK), France's Caisse des Dépôts Groupe (CDC), which includes Bpifrance, Spain's Instituto de Crédito Oficial (ICO), Germany's national promotion institute KfW, and the European Investment Bank (EIB).

CDP's involvement in the JICE initiative, along with the updated investment objective, demonstrates the Group's dedication to fulfilling the objectives outlined in the Paris Agreement and the United Nations Sustainable Development Goals regarding circular economy matters.