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Economic Instruments for the Circular Economy in Italy : Opportunities for Reform / Organization for Economic Co-operation and Development.
- Format:
- Book
- Author/Creator:
- Organization for Economic Co-operation and Development, author, issuing body.
- Language:
- English
- Subjects (All):
- Sustainable development--Law and legislation.
- Sustainable development.
- Circular economy.
- Physical Description:
- 1 online resource (219 pages)
- Place of Publication:
- Paris : OECD Publishing, 2024.
- Summary:
- <img src="https://assets.oecdcode.org/ilibraryres/img/DG-Reform\_banner-Kappa\_en.png" class="img-responsive" style="adding-bottom:5px;" alt="EU Funded Note"/>A circular economy keeps the value of resources in the economy for longer, extends the useful lifespan of products and reduces waste, thereby reducing environmental and climatic pressures and increasing domestic competitiveness. Italy is among the leading European actors in transitioning to a circular economy. Its adoption of the National Strategy for the Circular Economy in 2022 reinforced the country's ambition to rapidly shift from linear to circular modes of production and consumption. Among the envisioned measures, the national strategy calls for a stronger use of economic instruments to achieve a more coherent and effective policy mix.This report identifies opportunities for the enhanced use of economic instruments to support the circular economy in Italy. Part I of this report takes stock of the Italian policy landscape, compares it to international practices and recommends seven policy reforms for further consideration. Part II contains an in-depth analysis of three policy instruments that could reduce demand for virgin materials and promote a shift to secondary materials. These instruments include a virgin materials tax on construction minerals, a reduced VAT rate for products with recycled content and corporate tax credits to promote the use of secondary materials.
- Notes:
- Description based on publisher supplied metadata and other sources.
- ISBN:
- 92-64-80979-1
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