Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:49:54am WEST
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Daily Overview |
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Climate Change Adaptation: Insurance and Households Location: B003 Session Chair: James Sanchirico, University of California, Davis | |
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Is Recycling Wasted? Circular Economy and the Material Rebound Effect 1: University of Copenhagen, Denmark; 2: Aarhus University, Denmark We investigate how circular economy policies - such as increased recycling or reduced waste generation - affect primary (virgin) natural resource use at the macro level. First, we develop an analytical macroeconomic model and show under what conditions recycling improvements backfire by increasing primary material use. To quantify this material rebound effect, we develop a general equilibrium model that tracks both the mass and value of key materials like metal, paper, and plastic. The model features a detailed solid waste management sector and a novel production structure that separates material inputs from other intermediate inputs. We develop a method to calibrate the model to both national accounts and material flow accounts. This enables us to track primary and recycled material inputs. Our simulations indicate that circular economy policies are associated with strong rebound effects, often increasing aggregate primary natural resource use. We discuss how to counteract the rebound effect and design cost-effective circular economy policies. | |