Doing more with less can save businesses money, reduce reliance on finite materials and secure significant cuts in greenhouse gas emissions. But there are often significant market and regulatory barriers to taking action on resource efficiency and transitioning to circular business models.
The government's Resources and Waste Strategy saw much greater focus on the early stages of a product’s lifecycle which is welcome; however many of the measures are subject to consultation or at an exploratory stage. Continued effort is needed by government to develop appropriate policies such as on extended producer responsibility, product standards and innovation support.
This will also mean working in partnership with the EU and its Circular Economy Package and ensuring UK standards align or exceed those set in Europe, to ensure UK businesses have a standardised regulatory landscape.