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Economic instruments for a resource-efficient circular economy

Author

Listed:
  • Katarina Svatikova
  • Andrew Brown
  • Peter Börkey

Abstract

Countries around the world are pursuing a transition to a more circular economy. Economic instruments can support these efforts, by setting price signals that can impact decisions by producers, consumers and waste managers. Governments use a wide range of economic instruments that target different parts of the product lifecycle. “Price-based” economic instruments include taxes, credits and deductions, deposit refund systems and advance disposal fees. They aim to directly change the price of products and services. “Performance-based” economic instruments include tradeable permits, extended producer responsibility take-back schemes and green public procurement. These aim to assign businesses with environmental performance targets or goals that translate into prices. This paper reviews economic instruments that are used by governments to support the transition to a more circular economy, taking a product lifecycle approach. It outlines lessons learned about the use and effectiveness of these instruments. It also identifies gaps in circular economy policymaking.

Suggested Citation

  • Katarina Svatikova & Andrew Brown & Peter Börkey, 2025. "Economic instruments for a resource-efficient circular economy," OECD Environment Working Papers 257, OECD Publishing.
    • Handle: RePEc:oec:envaaa:257-en
    as

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    More about this item

    Keywords

    circular economy; economic instruments; sustainable production and consumption;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • 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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