Material efficiency: An economic perspective

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dc.contributor.authorSoderholm, Patrik
dc.contributor.authorTilton, John E.
dc.date.accessioned2024-01-10T12:40:12Z
dc.date.available2024-01-10T12:40:12Z
dc.date.issued2012
dc.description.abstractThis article presents an economic perspective of material efficiency, and discusses the role of public policy in providing market incentives for a more efficient use of materials. In doing so. it comments on the engineering approach to material efficiency presented by Allwood et al. (2011) in an earlier issue of Resources, Conservation and Recycling. We argue that concerns over potential future natural resource scarcities do not represent a strong motive for introducing policies to foster greater material efficiency but that various environmental externalities and information failures in the relevant material markets do. Moreover, in such instances policy makers should opt for policy measures that target the relevant market failures (e.g., environmental damages) as closely as possible. This normally means avoiding policies that directly encourage specific material efficiency options. Policy measures that address particular environmental problems and information externalities will enhance material efficiency in a more effective manner. This is because ex ante it is difficult for policy makers to know in what ways and by how much to alter material production and use. (C) 2012 Elsevier B.V. All rights reserved.
dc.description.funderSwedish Environmental Protection Agency
dc.fechaingreso.objetodigital09-04-2024
dc.format.extent8 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1016/j.resconrec.2012.01.003
dc.identifier.issn0921-3449
dc.identifier.urihttps://doi.org/10.1016/j.resconrec.2012.01.003
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/77284
dc.identifier.wosidWOS:000303082000009
dc.information.autorucIngeniería;Tilton J;S/I;1002636
dc.language.isoen
dc.nota.accesoContenido parcial
dc.pagina.final82
dc.pagina.inicio75
dc.publisherELSEVIER SCIENCE BV
dc.revistaRESOURCES CONSERVATION AND RECYCLING
dc.rightsacceso restringido
dc.subjectMaterial efficiency
dc.subjectEconomics
dc.subjectResource scarcity
dc.subjectEnvironmental policy
dc.subjectUNCERTAINTY
dc.subjectMARKET
dc.subjectPOLICY
dc.subjectPAPER
dc.subject.ods12 Responsible Consumption and Production
dc.subject.odspa12 Producción y consumo responsable
dc.titleMaterial efficiency: An economic perspective
dc.typeartículo
dc.volumen61
sipa.codpersvinculados1002636
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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