The paper introduces the term Circular Regulations (CR). A broad regulatory framework, designed with a circular understanding of the economy.
Abstract: The term Circular Regulations (CR) is introduced to describe a broad regulatory framework, designed with a circular understanding of the economy. Central in this discussion is the transition towards bioeconomy, a term that is not always used consistently, and sometimes treated in the same way as circular economy (CE), although these terms are not necessarily equivalent. In this article we endorse a systemic interpretation of CE, where a continuum of approaches, extending from reusing/recycling/upcycling to refuse/rethink/reduce, gradually replace existing linear “end-of-life” concepts. CE is a key prerequisite for the bioeconomy shift, a transition that further builds on CE, where circular design and processes are further augmented with increased resource utilization and intensive applications of innovative science and technology. The prevailing regulatory arrangements in CE, however, remain either fragmented or largely based on pre-existing policies, drafted to address issues of the linear economy, thus presenting several limitations when dealing with the underlying paradigm shift: complex market relationships that go beyond the standard neoclassical model. CR adopts an encompassing approach to regulatory design; it is not meant to be a rigid set of rules, but rather a regulatory framework where institutions, market rules, and business practice explicitly account for environmental and socially responsible activities, while securing an enabling environment for innovation. CR directly reflects on CE, where bioeconomy growth is informed by science, enabled by technology, driven by business, and supported by relevant policies and institutional frameworks. The article presents a conceptual setting towards CR and a practical example for its development.
Lamprinakis, L. (2020). Circular Regulations (CR) for Bioeconomy Development. Journal of Sustainability Research, 2(3): e200021. Available online at the Journal’s website.
Want to learn the theoretical foundations on cooperation and cooperatives? I will be offering the graduate course “Economics of cooperatives” at the Estonian University of Life Sciences (EMU). The course follows an industrial organization (I/O) approach, covering advanced micro, vertical markets, market structures, cooperative theory, game theory. The course will take place November 4-7 at the EMU at Tartu, Estonia.
The course is supported by the European Regional Development Fund.
Members of the consortium presented approximately 30 business cases and we discussed on the framework and methodology for sustainable development and dissemination of business models and cases in the BSR.
There was field demonstration of two Estonian enterprises, as best business case examples. Biometaan Ltd. and Mangeni PM Ltd. in the Kõo, Viljandi County. The idea is to use dairy production residues as feed stock for biomethane production.