All around the world: assessing optimality in comparative circular economy policy packages

Abstract

The recent global diffusion of circular economy regulatory policy packages (CERPPs) raises questions over their extent, composition and, critically, potential effectiveness. While research into circular economy (CE) regulation is growing, a dearth of analyses of the optimal design of CE policy packages presents a clear gap in the literature. This paper therefore surveys current waste management policy to identify the degree to which circular economy practices are being translated into public policy globally. Examining resource use and waste management policy in 60 countries, the paper first provides a snapshot of the global spread of CE policy packages. Secondly, the assessment framework is applied to three case studies of recent CE policy packages from Finland, Greece and South Korea. These cases fall some way short of theoretical optimality, suggesting that long-term CERPP effectiveness is questionable.