Lead institution:
Fisheries Research and Development Corporation (FRDC) – Australia
The FRDC Circular Economy project uses cross-sector, cross-industry and transnational initiatives to identify circular opportunities, develop stakeholders’ circular capacity and capability; and showcase success stories that together will increase adoption of circularity throughout Australian fishing and aquaculture and improve ocean outcomes.
Australia has a waste problem, with the highest per capita material footprint in the world, the third lowest rate of manufacturing self-sufficiency in the OECD and a circular economy that is half the global average. Circular economy is an economic model that aims to retain the value of circulating resources, products, parts and materials through a system that allows for renewability, long life, optimal (re)use, refurbishment, remanufacturing, recycling and biodegradation. Circularity is based on three integrated principles: designing out waste and pollution; keeping products and materials in use; and regenerating natural systems.
This project is hosted by the Ocean Decade Programme Ocean Best Practices for the Decade.
Start Date: 31/10/2022
End Date: 30/01/2026
Lead Contact: Patrick Hone (patrick.hone@frdc.com.au)