Update: The Victorian Government has released Recycling Victoria: a new economy, a 10-year circular economy policy and action plan to fundamentally transform the state’s recycling sector. We will invest $300 million into Recycling Victoria. This will make Victoria’s future more sustainable, create cutting-edge local industries and thousands of new jobs, and most importantly, deliver a recycling system that Victorians can rely on.
To find out how Recycling Victoria will build a local, sustainable and reliable recycling industry—now and for the future—visit www.vic.gov.au/recycling.
Our Circular Economy Policy issues paper introduces the circular economy concept and provides a brief overview of the sorts of things we will explore as part of developing this policy.
Please feel free to read the issues paper or fact sheet below.
There is no single, agreed definition of circular economy. For the purposes of this policy development, the Victorian Government has adopted the following definition:
A circular economy continually seeks to reduce the environmental impacts of production and consumption and gain more productive use from natural resources.
Resource use is minimised, and waste and pollution are avoided with good design and efficient practices. This reduces environmental impacts while maintaining or increasing the value people obtain from goods and services.
Products are designed so that they are durable and can be readily repaired, reused and recycled at the end of their lives.
Business models encourage intense and efficient product use, like sharing products between multiple users, or supplying a product as a service that includes maintenance, repair and disposal.
Innovations to increase resource productivity bring a range of benefits including jobs, growth and social inclusion to local, regional and global economies.
Figure: A circular economy for Victoria