INDUSTRIAL STRATEGY NEEDS A STRONG RESOURCE EFFICIENT CIRCULAR ECONOMY AT ITS HEART: RESOURCE ASSOCIATION SUBMISSION TO CONSULTATION

Tuesday, April 18, 2017

The Resource Association today released its submission to the Government Green Paper on Industrial Strategy

The Association has warmly welcomed the Government’s approach to creating an Industrial Strategy, supporting much of the thrust and intent in the Green Paper.

Our primary concerns about the Green Paper centre on the low profile of the resources industries and the limited acknowledgement of the potential and value of a resource efficient, circular economy to underpin our future economic success. In our submission, we call for:

  • The resource efficient, circular economy to be considered as a Pillar of the Industrial Strategy in its own right;
  • Greater attention to be given to the future business risks of overdependence on material inputs from high-risk developing economies and a revival of the idea of a ‘Stern for Resources’ review of resource productivity and resource scarcity;
  • Building a stronger focus on quality in the use of materials and resources, ensuring that quality feedstock for recyclers and reprocessors is at the heart of a resource efficient economy;
  • A Resources Sector Council to respond to Government’s calls for industries to unite behind strong leadership to develop in partnership our new economy. 

Chief Executive Ray Georgeson said:

“The Government’s Green Paper presented a huge opportunity to inspire business around a new approach to Industrial Strategy and the principles within it are good news.  We were disappointed that there was only modest reference to the value of the resources sector and have urged Government to see us as a critical foundation sector for the future growth of the UK economy.  We stand ready to work with Government and colleagues in the resources sector to collaborate and develop the partnerships needed to make a resource efficient circular economy a reality.”

The Resource Association's full response can be read here: Industrial Strategy Green Paper - Resource Association submission