Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283243 
Year of Publication: 
2024
Series/Report no.: 
DIW Discussion Papers No. 2069
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
We investigate policies for increasing recycling to facilitate decarbonization within the basic material sector, including market-based policies, such as carbon pricing, advanced disposal fee and minimum recycled content requirement, and non-market policies, such as product design standard. We develop an analytical model to assess the role of these policy instruments for recycling related choices of manufacturing industry, consumers, and waste management. We find that individual policy instruments can deliver some benefits in terms of emission reductions and welfare improvements, but that a package of policy instruments is necessary to reach the welfare maximum and effective scale of emission reductions and resource saving.
Subjects: 
industry decarbonization
market failure
high-quality recycling
policy package
JEL: 
D62
H23
Q53
Q54
Document Type: 
Working Paper

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