Global Resource Crisis or Sustainable Resource Management? Proposals towards Resource-efficient Global Economy


Efficient use of materials is becoming a major policy concern for rapidly emerging economies due to the risk of resource crises and price hikes in resources.

A “phased approach” would promote a resource-efficient global economy as different countries face different challenges in the management of waste and materials. Such programs should be country-specific and reflect the level of economic development, recycling industry capacity and capacity for implementation and enforcement of regulations in the policies and actions decided on.

An international fund should be set up for multilateral cooperation programmes on sustainable materials management with funding from, e.g.,
income generated through economic instruments such as virgin material taxes or Extended Producer Responsibility, which would stimulate evaluation of material reductions and efficiency criteria to assist in socio-economic development with less material burden and environmental pollution.