DELIVERING THE CIRCULAR ECONOMY A TOOLKIT FOR POLICYMAKERS

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62 • DELIVERING THE CIRCULAR ECONOMY – A TOOLKIT FOR POLICYMAKERS Figure 16: Mapping policy interventions to barriers High relevance Medium relevance Information & awareness Collaboration platforms Low relevance BARRIERS Public communication campaigns Public- private partnerships Industry collaboration platforms R&D programmes ECONOMICS MARKET FAILURES REGULATORY FAILURES SOCIAL FACTORS Not profitable 1 Capital Technology Externalities Insufficient public goods / infrastructure 2 Insufficient competition / markets Imperfect information Split incentives (agency problem) Transaction costs Inadequately defined legal frameworks Poorly defined targets and objectives Implementation and enforcement failures Unintended consequences Capabilities and skills Custom and habit 1 At market prices excluding the full pricing of externalities such as greenhouse gas emissions, ecosystem degradation and resource depletion 2 Infrastructure defined as fundamental physical and organizational structures and facilities, such as transportation, communication, water and energy supplies and waste treatment
DELIVERING THE CIRCULAR ECONOMY – A TOOLKIT FOR POLICYMAKERS • 63 Business support schemes Public procurement & infrastructure Regulatory frameworks Fiscal frameworks Financial support to business Technical support to business Public procurement rules Public investment in infrastructure Govern-ment strategy and targets Product regulations Waste regulations Industry, consumer, competition and trade regulations Accounting, reporting financial regulations VAT or excise duty reductions
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DELIVERING THE CIRCULAR ECONOMY A TOOLKIT FOR POLICYMAKERS

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