Human demands on Earth’s natural resources have outpaced what can be produced. A shift to more sustainable growth is dependent on changes in current patterns of both production and consumption.
The ‘attitude–behaviour gap’ or ‘values–action gap’ is where 30% of consumers report that they are very concerned about environmental issues but they are struggling to translate this into purchases. For example, the market share for ethical foods remains at 5 per cent of sales.
The Centre for European Policy Studies (CEPS) carried out a study on the impact of the circular economy on the Fast-Moving Consumer Goods Industry for the European Economic and Social Committee.
This report Leveraging the Smart Grid: The Effect of Real-Time Information on Consumer Decisions reviews the literature on the impact of real-time information provision on consumer decision-making.