Economic experiment takes place on Queensland’s Sunshine Coast

July 3, 2017 by  

A trial of the circular economy is being performed on Ocean Street in Maroochydore.

The idea of a circular economy is that waste can be reduced, bringing potential benefits to the environment and business too. Ashleigh and Jaine Morris, who are sisters, are engaging in promoting the circular economy on the Sunshine Coast. Ocean Street includes the type of enterprises commonplace among regional retail precincts. Marketing services could be used if there is the desire to expand the project further.

The concept of a circular economy has not yet been a major feature of Australian economic debates. However, the ecological vision has reportedly made more progress abroad, where states have played a significant role in driving it forwards. Bernadette McCabe, an associate professor who is based in the National Centre for Engineering and Agriculture, stated:

“At the end of 2015 the European Union put through quite an ambitious policy on circular economies, which was based on changes and legislation in their waste. And we have countries like Finland, which has banned landfill, and those increasing pressures mean that they are going to repurpose that waste.”

The trial is due to be evaluated before 2017 comes to a close, and an advisory panel will help to steer the experiment. Experts like Andy Ridley, the founder of Earth Hour, have pledged to work on the panel.