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From waste to market: Exploring markets, institutions, and innovation ecosystems for waste valorization
Business Strategy and the Environment ( IF 13.4 ) Pub Date : 2022-09-02 , DOI: 10.1002/bse.3247
Leticia Antunes Nogueira 1 , Bjarne Lindeløv 1 , Julia Olsen 1
Affiliation  

This article explores the emergence of waste valorization innovations to investigate how they interact with incumbent waste management systems and what roles markets play in the process. We build upon innovation ecosystems as an analytical framework and investigate empirically three cases distributed across the waste hierarchy pyramid: (i) upcycling of discarded fishing gear; (ii) reusing constructions and recovering demolition waste; and (iii) establishing a biomass-based district heating facility. Our cases indicate that waste valorization initiatives are deeply entangled in incumbent waste management systems and that markets alone appear to be insufficient to drive innovations in waste valorization. Our analysis also points to a relationship between the position of waste innovation in the waste hierarchy and the presence and effectiveness of markets. Markets function better when resources already have some economic value, which is what waste valorization processes seek to obtain. When the environmental value is higher than the economic value, other mechanisms are needed to enable innovations, markets, and sustainability transitions. Support from the public sector in various capacities, from international regulation to demand shaping, seems to be essential for circular economy transitions. Understanding issues such as how waste innovations reach the market and how markets for waste resources function is imperative for circular economy transitions.

中文翻译:

从废物到市场:探索废物增值的市场、机构和创新生态系统

本文探讨了废物增值创新的出现,以研究它们如何与现有废物管理系统相互作用以及市场在该过程中扮演什么角色。我们以创新生态系统为分析框架,并根据经验调查分布在废物金字塔中的三个案例:(i)废弃渔具的升级再造;(ii) 再利用建筑和回收拆除废物;(iii) 建立基于生物质的区域供热设施。我们的案例表明,废物增值计划深深地纠缠在现有的废物管理系统中,而且仅靠市场似乎不足以推动废物增值的创新。我们的分析还指出了废物创新在废物分类中的位置与市场的存在和有效性之间的关系。当资源已经具有一定的经济价值时,市场会更好地运作,而这正是废物增值过程寻求获得的。当环境价值高于经济价值时,就需要其他机制来实现创新、市场和可持续性转型。从国际监管到需求塑造,公共部门的各种支持似乎对循环经济转型至关重要。了解废物创新如何进入市场以及废物资源市场如何运作等问题对于循环经济转型至关重要。这就是废物增值过程寻求获得的。当环境价值高于经济价值时,就需要其他机制来实现创新、市场和可持续性转型。从国际监管到需求塑造,公共部门的各种支持似乎对循环经济转型至关重要。了解废物创新如何进入市场以及废物资源市场如何运作等问题对于循环经济转型至关重要。这就是废物增值过程寻求获得的。当环境价值高于经济价值时,就需要其他机制来实现创新、市场和可持续性转型。从国际监管到需求塑造,公共部门的各种支持似乎对循环经济转型至关重要。了解废物创新如何进入市场以及废物资源市场如何运作等问题对于循环经济转型至关重要。似乎对于循环经济转型至关重要。了解废物创新如何进入市场以及废物资源市场如何运作等问题对于循环经济转型至关重要。似乎对于循环经济转型至关重要。了解废物创新如何进入市场以及废物资源市场如何运作等问题对于循环经济转型至关重要。
更新日期:2022-09-02
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