“…Crucially, a clearer understanding needs to be developed of why certain actors may fail to benefit from increased resource efficiency. This information is critical for finding adequate responses for affected sectors and regions (Flachenecker, 2018;Hughes and Ekins, 2018). Simply emphasising the positive effects while overlooking downside risks for certain firms, sectors, and regions will ultimately undermine trust in the very institutional framework that could support those affected not only in coping with but also in benefitting from this transition in the medium to long-term.…”
Section: Identify Potentially Adversely Affected Sectors and Regions mentioning
Increasing investments in resource efficiency is considered essential for transitioning towards a sustainable model of economic growth. This article presents evidence on the complex incentives, trade-offs, and challenges associated with the economics and politics of resource efficiency investments, especially in light of the Sustainable Development Goals and the Paris Climate Agreement. By synthesising and evaluating a wide range of empirical evidence, practitioners' insights, and policy perspectives, this article carefully examines the role of resource efficiency in reconciling environmental and economic objectives. It makes particular reference to the investment barriers and transitional implications of moving economies towards more circular and resource efficient pathways. In doing so, it provides a policy-oriented guide and toolbox to help overcome barriers, unlock the economic potential of resource efficiency, and highlight the challenges associated with the resource transition. Overall, this article brings together evidence, aiming to further develop and propose new strategies for improving the efficient use of natural resources to advance the sustainable development agenda.
“…Crucially, a clearer understanding needs to be developed of why certain actors may fail to benefit from increased resource efficiency. This information is critical for finding adequate responses for affected sectors and regions (Flachenecker, 2018;Hughes and Ekins, 2018). Simply emphasising the positive effects while overlooking downside risks for certain firms, sectors, and regions will ultimately undermine trust in the very institutional framework that could support those affected not only in coping with but also in benefitting from this transition in the medium to long-term.…”
Section: Identify Potentially Adversely Affected Sectors and Regions mentioning
Increasing investments in resource efficiency is considered essential for transitioning towards a sustainable model of economic growth. This article presents evidence on the complex incentives, trade-offs, and challenges associated with the economics and politics of resource efficiency investments, especially in light of the Sustainable Development Goals and the Paris Climate Agreement. By synthesising and evaluating a wide range of empirical evidence, practitioners' insights, and policy perspectives, this article carefully examines the role of resource efficiency in reconciling environmental and economic objectives. It makes particular reference to the investment barriers and transitional implications of moving economies towards more circular and resource efficient pathways. In doing so, it provides a policy-oriented guide and toolbox to help overcome barriers, unlock the economic potential of resource efficiency, and highlight the challenges associated with the resource transition. Overall, this article brings together evidence, aiming to further develop and propose new strategies for improving the efficient use of natural resources to advance the sustainable development agenda.
“…By providing evidence from a large number of countries and regions, Rentschler, Bleischwitz and Flachenecker (2018) demonstrate that resource markets are characterised by inefficiency: in many countries resource productivity remains low, and valuable resources are wasted despite the existence of cost-effective recycling 352 technologies. The authors show that the factors that cause and perpetuate such inefficiencies can be categorised in five main types (summarised in Table 1): i. information availability and access; ii.…”
Section: Prerequisites For Taking Action: Understanding the Barriermentioning
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