Building a circular economy: The role of information transfer. EPC Discussion Paper 17 November 2021.

Hedberg, Annika and Sipka, Stefan (2021) Building a circular economy: The role of information transfer. EPC Discussion Paper 17 November 2021. [Discussion Paper]

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Abstract

The circular economy is a crucial component of a climate-neutral future. One of the main obstacles to building a circular economy is the lack of information transfer across supply chains. Without any or inadequate access to data about the origin, make-up and design of products, it is impossible for producers, consumers and recyclers to adopt more circular, sustainable practices. Aligning the ongoing green transition and digital transformation carries the potential to overcome this barrier. The EU’s policies for enhancing information transfer across value chains is evolving quickly, as are new technologies. Today, online platforms, databases, apps, sensors, connected machines, QR codes, radio-frequency identification (RFID) and blockchain already make it easier to share data about a product's origin, design, repairability and future life cycle. Digital product passports (DPPs), in particular, show much promise. It is in Europe’s interest to build on the related business cases and opportunities now and create a policy and financial framework that enables the use of these and new digital tools for the benefit of establishing a more circular economy.

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