Victorian Chamber submission to the Victorian Government Issues Paper - A circular economy for Victoria: Creating more value and less waste
The Victorian Chamber has made a submission to the issues paper A circular economy for Victoria: Creating more value and less waste, released by Victorian Government as part of developing a state circular economy policy and action plan.
The circular economy policy will build on Victoria’s current waste and resource recovery initiatives, respond to changes in global recycling markets and aims to support new ways of getting more value from all the materials, products and infrastructure we use and avoid waste in all stages of making, using and disposing of them.
Our submission is informed by consultation with Victorian Chamber members and our consistent advocacy for policy settings that will grow business and jobs, enhance liveability and boost prosperity.
We support the development of a circular economy policy and action plan for Victoria to provide long term direction and investment certainty for business so they can confidently invest, innovate and maintain competitiveness.
Going circular could grow the economy, increasing jobs and wages while avoiding pollution and negative environmental impacts.
Improving Victoria’s average materials efficiency by just five per cent would add around $6.4 billion to our Gross State Product (GSP), boost household welfare by $3.9 billion and increase real wages by 2.76 per cent while also lowering waste generation.
Government will need to invest in the right infrastructure, incentives and support for industry and businesses, particularly small to medium sized enterprises, to overcome any barriers and build capacity to participate.
The priority economic segments, materials and activities and priority policy actions put forward in our submission are:
- Resource recovery
- Innovation and design
- Market development and government purchasing
- Food, shelter and mobility
- Investment, finance and infrastructure
- Quality data and collaborative platforms
- Increasing innovation and collaboration.
You can discuss circular economy issues with the Victorian Chamber by contacting the policy and advocacy team at email@example.com
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