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Policy for a Redesigned Economy

Despite having an understanding that the linear economy is devastating for our environment, the overwhelming majority of Swedish businesses still operate according to linear principles, where growth and profitability take precedence over a more sustainable use of resources. To achieve our environmental goals, we must redesign our economy.

In this project, we will identify and illustrate leverage points for a transformative innovation policy. Here we define policy as policy instruments, policy objectives and policy processes that politicians can use to steer behaviours in a chosen direction. We start with our expertise in transitions as well as unique insights from previous projects about what prevents business and societal actors from taking real steps towards more sustainable and circular business models and operations. We complement previous learnings and expertise by reviewing literature and identifying available methods, tools and languages to visualize an economic system. Parallel to this, we identify challenges and possible solutions with the help of stakeholders representing business, academia, the financial sector, policy-makers, the public sector, authorities and civil society. 

Through an iterative process, we develop a visualization and narrative of the current economic and financial system and how its inherent logic of short-term profit drives unsustainable behaviour and leads to an escalating depletion of the Earth's resources and climate crisis. 

The result will be a model that visualizes effective measures for a transformative innovation policy which will be transformed into infographics and other formats that are easy to communicate in many different channels with focus on business and finance leaders and policy actors at different levels. 

We expect the outcome of this project to make a tangible contribution to changing decision-making towards a more sustainable, safe and healthy economy that operates within planetary boundaries.
 

Summary

Project name

Redeconomics

Status

Active

RISE role in project

Coordinator and research actor

Project start

Duration

14 months

Total budget

1,99 MSEK

Project members

Supports the UN sustainability goals

9. Industry, innovation and infrastructure
12. Responsible consumption and production
13. Climate action
Derek Diener

Contact person

Derek Diener

Senior Researcher

+46 10 228 40 52

Read more about Derek

Contact Derek
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