Circular economy – what are the benefits?
A circular economy continually seeks to reduce the environmental impacts of production and consumption, while enabling economic growth through more productive use of natural resources.
It transforms our linear economy mindset—take, use and throw away—and fosters innovation and productivity that invigorates existing businesses and creates new ones, delivering more jobs and more growth for local, regional, state and global economies.
Key changes and opportunities for business
The way we manage waste and recycling in Victoria is shifting. Key changes include:
- Banning some single-use plastic items
- Introducing a container deposit scheme
- More support for businesses to improve how they use materials, saving money and reducing waste
- A new legislative requirement for businesses to sort commonly recyclable materials and organic waste, similar to households (to be introduced by 2025).
The Victorian Government wants to understand how to best support hospitality and manufacturing businesses in managing waste and recycling – and also hear your views on our future system.
A short, anonymous survey is available for you to complete below:
This is an opportunity for you to help the State Government plan a smooth transition for businesses. The survey will close on 8 December, 2021.
To find out more about the Victorian Government’s circular economy policy, visit Victoria's plan for a circular economy.
The Victorian Chamber recognises that Victorians and Victorian businesses are passionate about recycling and reducing waste. They want to see a self-sufficient industry that promotes best practice initiatives and avenues for expanding and evolving job markets. If Victoria can deliver a recycling reform that is fit for purpose, it provides an excellent opportunity for businesses to be involved in innovative and exciting growth sectors, and in transforming the Victorian economy and associated labour markets.
If you would like to discuss this issue in more detail, please contact the Policy and Advocacy team at firstname.lastname@example.org.