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Policy Options for a Resource-Efficient Economy

Objective

The project will construct a theoretical framework for the analysis of resource efficiency, with detailed comparison of the trends and policies at EU and Member State (MS) level, cross-country econometric analysis to derive resource-reduction cost curves, and an analysis of business barriers to resource efficiency; thereby developing an enhanced understanding of the drivers of inefficient resource use.

This will lead to an exploration of new concepts and paradigms that can bring about a radical increase in resource efficiency, and a vision for a resource-efficient economy in the EU, with suggestions also for new more resource-efficient business models for firms, and ideas for a global governance regime that can promote resource-efficient economies among the EU's trading partners and more widely will be explored. From its new vision for a resource-efficient Europe, the project will propose new policy mixes, business models and mechanisms of global governance through which resource-efficient economies may be promoted.

This will lead in turn to intensive work on creating, modelling and visualising scenarios for the emergence of resource-efficient economies, through linking quantitative economic and ecological models, and simulating the policies and policy mixes derived in the earlier work, supplemented with appropriate LCA analysis for selected products and sectors, to ensure that the policies and business models in the scenarios lead to adequate absolute decoupling of economic activity from resource use and environmental degradation. The scenarios and associated policy analysis will be given an integrated interpretation across economic, ecological and social dimensions.

The project will be explicitly geared to support policy efforts and initiatives on resource efficiency in the European Commission, and will involve a wide range of stakeholders from business, the policy world, and NGOs. The results will be widely disseminated in a variety of innovative ways.
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Coordinator

UNIVERSITY COLLEGE LONDON

Address

Gower Street
Wc1e 6bt London

United Kingdom

Activity type

Other

EU Contribution

€ 770 207,40

Administrative Contact

Kimberly Cornfield (Ms.)

Participants (7)

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WUPPERTAL INSTITUT FUR KLIMA, UMWELT, ENERGIE GMBH

Germany

EU Contribution

€ 309 744,80

NEDERLANDSE ORGANISATIE VOOR TOEGEPAST NATUURWETENSCHAPPELIJK ONDERZOEK TNO

Netherlands

EU Contribution

€ 523 763,50

UNIVERSITEIT MAASTRICHT

Netherlands

EU Contribution

€ 387 718,25

GESELLSCHAFT FUER WIRTSCHAFTLICHE STRUKTURFORSCHUNG MBH

Germany

EU Contribution

€ 418 081,20

SERI NACHHALTIGKEITSFORSCHUNGS UND-KOMMUNIKATIONS GMBH

Austria

EU Contribution

€ 264 414,50

POTSDAM INSTITUT FUER KLIMAFOLGENFORSCHUNG

Germany

EU Contribution

€ 220 306

INTERNATIONAL SYNERGIES LTD

United Kingdom

EU Contribution

€ 33 833,70

Project information

Grant agreement ID: 308371

Status

Closed project

  • Start date

    1 October 2012

  • End date

    31 March 2016

Funded under:

FP7-ENVIRONMENT

  • Overall budget:

    € 3 711 473,20

  • EU contribution

    € 2 928 069,35

Coordinated by:

UNIVERSITY COLLEGE LONDON

United Kingdom