CIRCUSOL: Solar power business models towards a circular economy in Europe (PRESS RELEASE)
CIRCUSOL: Solar power business models towards a circular economy in…
CIRCUSOL is fully aligned with the European climate change strategies of low-carbon economy and energy transition, by developing and demonstrating Product-Service System (PSS) business models for the solar power sector. In the PSS model envisioned a supplier provides solar power generation and storage to a user as a service. The PV and batteries are installed at the user’s site, but the supplier remains as the owner and is responsible for their optimal functioning. When their use life at the site reaches the end, the supplier takes them back and decides whether they can get a second life and be installed somewhere else or should be sent for recycling.
The implementation of circular solar business will contribute to low-carbon energy production and consumption, more efficient resources usage to deliver renewable energy, and reduce overall product environmental footprints.
CIRCUSOL’s action is in line with the following Sustainable Development Goals (SDGs):
In addition, CIRCUSOL will contribute to the COP21 Paris Agreement through its objective to reduce 20 million tons CO2-equivalent GHG emissions related to primary PV and battery production by 2030, and accelerating market adoption of clean, renewable solar energy.
About COP24
The key objective of COP24 is to adopt the implementation guidelines of the Paris Climate Change Agreement. In this sense, this Summit will be key when it comes to design the instruments that enable climate goals to be tackled and achieved effectively and efficiently.
The main objectives of COP24 are:
The Polish presidency plans to focus its message on three key themes:
CIRCUSOL: Solar power business models towards a circular economy in…