Creating shared prosperity through circular economy. Building Māori & Pasifika economic resilience
Author:Auckland Council, Community and Social Innovation,
Source:Auckland Council, Community and Social Innovation, The Southern Initiative
Our objective is to flip our $5 billion waste problem on its head to create catalytic economic opportunities with direct and measurable benefits for communities who need it most and our natural world, now and for future generations. To do this, we have a three-point plan to create multi-sided platforms that will shape markets, drive up productivity and distribute economic opportunities and benefits more equitably.
Each platform is designed to leverage private financial investment, such as impact investors with patient capital, alongside public investment. Whilst the different platforms each serve different purposes, they are designed to work as a system that can enable agglomeration effects and collective market shaping and industry development.
Our mission isn’t simply a calculation of supply and demand, supply chains, markets, price points and transactions; it is also intrinsically influenced by public policy, resource flows, other macro-economic factors, human behaviour and cultural norms at multiple spatial, market and industry scales. Tackling this complexity is best done cooperatively. In year one, we will pressure test and optimise business models and identify how best to scale up (affect policy, institutions and markets), out (replicate to reach more people or waste streams) or deep (change cultural values and mores). ... (from page 16)
Auckland Council, November 2021