There will be a new national circular economy framework released by the end of the year, which will outline innovations and priorities "for an integrated and holistic circular economy transition across governments, industry, investors, and communities".

The development will be informed by a range of analysis and data, including recommendations from the Circular Economy Ministerial Advisory Group, which is expected to submit a final report to Environment minister Tanya Plibersek this year; and by the CSIRO, who have already produced its own roadmap in this space.

The Advisory Group’s interim report, released earlier this year, recommended the development of a framework that identifies priority sectors, benefits to productivity, competitive advantages, relevant skills, and innovation needed. It also recommended better use of the $15 billion National Reconstruction Fund (NRF) to boost circular economy ambitions.

Speaking during the latest round of Senate Estimates, Kate Lynch, circular economy division head at the Department of Climate Change, Energy, the Environment and Water (DCCEEW), said: “The whole-of-economy policy framework will go beyond just actions in the waste and resource recovery sector”.

More details to come.

Food & Drink Business

New Zealand grower-owned co-operative, Market Gardeners Limited, trading as the MG Group has sold its 70 per cent stake in Premier Fresh Australia to its Australian long-term business partners.

The 2024 National Food Waste Summit is underway, with more than 300 delegates hearing international and local leaders in the field provide updates on projects underway, overseas models and mindsets, and the challenges and triumphs of Australia’s commitment to halving food waste by 2030.

Auckland-based Scentian Bio has been awarded $10,000 in a food value chain pitch competition at the Institute of Food Technologists (IFT) annual expo in Chicago.