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Innovation Deals are a novel, nonlegislative mechanism where the public and private sector work together to address nonfinancial barriers to innovation.
Inspired by the Green Deal approach in the Netherlands and France, they are one of the mechanisms used to stimulate innovation in line with the European Commission’s 2015 EU Action Plan for the Circular Economy. The European Commission selected two circular economy projects to trial the Innovation Deal mechanism. By using EV batteries for multiple purposes and keeping their valuable materials in use, innovators can unlock circular opportunities throughout the various battery use cycles.
