Realizing the Value of Recycling – Assessing the Elements of a Policy Package

Xi Sun and Karsten Neuhoff

No 2069, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: We investigate policies for increasing recycling to facilitate decarbonization within the basic material sector, including market-based policies, such as carbon pricing, advanced disposal fee and minimum recycled content requirement, and non-market policies, such as product design standard. We develop an analytical model to assess the role of these policy instruments for recycling related choices of manufacturing industry, consumers, and waste management. We find that individual policy instruments can deliver some benefits in terms of emission reductions and welfare improvements, but that a package of policy instruments is necessary to reach the welfare maximum and effective scale of emission reductions and resource saving.

Keywords: Industry decarbonization; market failure; high-quality recycling; policy package (search for similar items in EconPapers)
JEL-codes: D62 H23 Q53 Q54 (search for similar items in EconPapers)
Pages: 34 p.
Date: 2024
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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