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by Osiris
1702 days ago
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This. I've been thinking about this for a while. In economics we talk about externalities, or costs tht are burdened by society but not the producer, making prices artificially low. I would love to see some mechanism in place to make sure that firms bare the cost of externalities. In this case, maybe firms are required to fund the cost of recycling their products which would incentive them to reduce the cost of recycling. Yes the cost of products will go up, but in a direct relationship to removing the cost to society and making sure products are properly priced. I'm purposefully simplifying this because the actual methodology to make this happen is incredibly complicated. |
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If someone told me all this $3T extra spending in the US was to offset the costs of producing a more Circular Economy then I'd agree it would be a future generation's money well spent for good reasons.