Sustainable Prosperity's Submission to the Draft Strategy for a Waste-Free Ontario

Sustainable Prosperity commends the Government of Ontario for its ambitious Draft Strategy for a Waste-Free Ontario: Building the Circular Economy and we welcome the opportunity to provide input. SP is not an expert in all aspects of waste management and resource recovery, but we do have some expertise to share on potentially enhancing waste diversion and resource recovery outcomes through the use of economic instruments.

SP’s expertise is on approaches that align market prices with environmental objectives. These approaches help internalize both environmental costs and benefits into the price of goods and services in order to create a financial incentive for individuals and firms to minimize environmentally damaging activities and increase environmental protection. Within this context, SP supports the potential use of economic instruments by the Government of Ontario in order to achieve the objectives set out in the Draft Strategy for a Waste-Free Ontario. Smart, targeted and effective economic instruments can help close the gap between current waste diversion rates and the long term vision of a zero-waste, circular economy in Ontario.

Related Materials:

  • Report: Sustainability Alignment Manual: Using Market-Based Instruments to Accelerate Sustainability Progress at the Local Level
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    About the Project

    The goal of this project is to shed light on the relationship between economic activity and the environment by exploring the linkages between changes in our natural capital and our measures of productivity generally, and through the construction of an environmentally adjusted measure of productivity specifically.

    While it is now commonly accepted that economic activity and the state of our environment are linked, many economic measures still fail to incorporate the environment – both the things we draw from it and the pollution we release into it. By developing and calculating measures of productivity that include natural capital, Canada may be able to better understand these linkages. This, in turn, may lead to the identification of strategies that can help Canada become more efficient and innovative in the use and protection of natural capital, and thus more productive and more prosperous.

    Using the forestry sector as a case study, this project aims to construct an environmentally adjusted measure of multifactor productivity. In doing so, we aim to add another layer of understanding to the environmental and economic performance of this sector. The proposed measure will have relevance to the Canadian economy as a whole.