With the rise of global environmental concerns, the need to reduce our reliance on raw materials has never been higher. But such change will not be easy: it requires us to make pro-active adjustments to our lifestyles and positive improvements to the ways in which products are made, used and, most importantly, re-used.
A recent report commissioned by the WWF and Resource Association (produced by Eunomia Research and Consulting, 20th November 2018, demonstrates current flaws in the UK’s recycling system and outlines policy measures that could be used to transform it. This timely document provides detailed analyses on the effectiveness of different policy interventions; ideas that could be essential for the implementation of the imminent Resources and Waste Strategy for England.
It identifies a short-list of four types of policy measures to increase demand for recycled materials:
– Materials taxation
– A fee-rebate (or ‘feebate’) system
– Tradable credits
– The establishment of a single Producer Responsibility organisation.
The report considers the ‘feebate’ system to be the ‘most attractive policy option’ due to its “versatility in design, the reduced administrative complexity relative to the tax-based measure, and the stability of the incentive it gives”. It involves placing a levy on all packaging, which can then be refunded to organisations that demonstrate their use of post-consumer recycled materials. Thus, financial incentives would encourage companies to use recycled products and (through a system of certified credits) encourage them to pro-actively explore green solutions to their business needs.
This is where Vesta Smart Packaging could help. Using IoT technology, our smart containers know when they’re running low, and re-order their contents automatically. This not only encourages the consumer to use refillable, durable and smart alternatives, but also reduces waste, thereby creating efficient and sustainable business models that would comply with a ‘feebate’ system, if (or when?) such a policy is implemented.
Change is coming: prepare your business for the future with Vesta Smart Packaging.