Towards a resource policy—unleashing productivity dynamics and balancing international distortions
Mineral Economics, 2012, vol. 24, issue 2, 135-144
The paper outlines guidelines and pillars of a resource policy. Two reasons favour the formulation of such policy: a demand to increase sluggish resource productivity growth as well as environmental damages occurring along material flows at an international scale. Thus, it is both the innovation and environmental perspective that legitimate policies. The paper surveys recent empirical trends. Referring to research on innovation and transition management, it develops guidelines for a resource policy, namely, market order, provision function, learning processes, market development, and orientation. It furthermore describes four instruments as potential pillars of a future policy mix: a tax on construction minerals, an ecologically differentiated VAT tax, and an international covenant for metals and an international convention for sustainable resource management. The paper finally reflects these guidelines and pillars against weaknesses and ongoing discussions of climate policy. It concludes that despite all uncertainties and complexities, a well-designed resource policy is on the verge of becoming essential for unleashing eco-innovation dynamics. Copyright Springer-Verlag 2012
Keywords: Resource productivity; Eco-innovation; Economic instruments; Policy mix; F59; H23; N54; O52; Q38 (search for similar items in EconPapers)
JEL-codes: F59 H23 N54 O52 Q38 A I (search for similar items in EconPapers)
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