The Productivity Commission has released an inquiry report on opportunities in Australia’s circular economy. The report found the government is able to support sustainable and efficient materials use, which can be achieved by reforming regulation and strengthening product stewardship.
The report also found that circular economy practices, like reusing and repairing products and designing products to reduce input and waste disposal costs, can have meaningful environmental and economic benefits. The report identifies opportunities to streamline regulations to make it easier for businesses to adopt innovative technologies and practices.
The report recommends that the Australian Government establish a Circular Economy Regulatory Reform Taskforce with state and territory governments to drive regulatory reforms and harmonisation.
