| Title | The Choice of Regulatory Instruments for a Circular Economy |
|---|---|
| ID_Doc | 4480 |
| Authors | Maitre-Ekern, E |
| Title | The Choice of Regulatory Instruments for a Circular Economy |
| Year | 2017 |
| Published | |
| Abstract | Traditionally, our economy is based on a linear model: from extraction, production and consumption to final disposal. This model is based on the unlimited use of natural resources and endless possibility of growth. But this model is reaching its limits as the negative impacts it imposes on the environment are threatening human survival. This chapter discusses an alternative economic model: the circular economy. Contrary to the linear model that requires unlimited exploitation of natural resources, a circular economy is based on a continuous re-use of materials and products. In order to attain these goals, there needs to be a shift of paradigm that requires the adoption of clever and fitting legislation. Looking at three main approaches to environmental regulation -command-and-control, market-based and information -this chapter examines their interpretation in European law. The Ecodesign Directive, the concept of Extended Producer Responsibility used in waste legislation and the Energy labelling Directive provide interesting examples of how the law can lead to changing the economic model towards a sustainable one. This chapter studies the benefits and limits of those particular regulatory approaches to achieving the goals of the circular economy. |
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