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Transforming Our Economy

About This Collection

Inspired by the Capital Institute's Third Millennium Economy initiative, this collection highlights those voices - ecological economists, sociologist, finance professionals, environmentalists, community developers - advocating a restructuring of our economy to transition to a truly sustainable economic system.

Curated by mokiethecat

A circular economy for packaging: Extended Producer Responsibility
June 15, 2021

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To combat packaging pollution, a circular economy is essential. This involves eliminating unnecessary packaging, innovating new solutions, and ensuring all used packaging is circulated. Achieving this circulation requires dedicated and sufficient funding for collection, sorting, and recycling, as current economics often make these processes unprofitable.

The most effective way to secure this funding is through Extended Producer Responsibility (EPR) schemes. Under EPR, companies that introduce packaging to the market are responsible for financing its collection, sorting, and recycling. Beyond funding, EPR offers opportunities to enhance transparency, encourage better packaging design, and reduce carbon emissions.