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Synergies and trade-offs in the transition to a resource-efficient and circular economy

Author

Listed:
  • Linda Livingstone
  • Peter Börkey
  • Rob Dellink
  • Frithjof Laubinger

Abstract

The world's raw materials consumption is expected to nearly double by 2060. This is particularly alarming because materials extraction, processing, use and waste management lead to significant environmental pressures. A circular economy aims to transform the current linear economy into a circular model to reduce the consumption of finite material resources by recovering materials from waste streams for recycling or reuse, using products longer, and exploiting the potential of the sharing and services economy.This paper underlines the synergies policy makers can create between different resource-efficient and circular economy transition objectives when designing policy packages. It also highlights potential trade-offs that may arise in their implementation. The paper shows that the existing OECD policy analysis provides a toolkit for governments to take more ambitious actions toward a resource-efficient, circular economy. In addition, OECD modelling studies project that the transition can bring significant environmental gains while preserving economic growth and social objectives.

Suggested Citation

  • Linda Livingstone & Peter Börkey & Rob Dellink & Frithjof Laubinger, 2022. "Synergies and trade-offs in the transition to a resource-efficient and circular economy," OECD Environment Policy Papers 34, OECD Publishing.
    • Handle: RePEc:oec:envaac:34-en
    DOI: 10.1787/e8bb5c6e-en
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    More about this item

    Keywords

    circular economy; environmental policy; recycling; resource efficiency;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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