Introduce circular economy requirements for producers and consumers of emissions-intensive materials
- Industry and Materials
- Consumers
- Companies
Another mature solution for industry is energy efficiency, which can also reduce operating costs. For example, policymakers can establish and enforce industrial efficiency standards can cut energy consumption and emissions per unit of material produced. The most common such tool at regulators’ disposal is energy performance standards, which set a minimum efficiency level for various products. However, standards must be sufficiently stringent and tighten over time to remain effective.