Type | Corporate Author |
Title | Policy Action Plan for Sustainable Product Innovation |
Publication (Day/Month/Year) | 2013 |
URL | http://eco-inn.vn/vi/system/files/Policy Action Plan_SPIN_Lao PDR_final.pdf |
Abstract | The abundance of natural resources has historically developed the economy of Laos PDR. From agricultural raw materials export-based economy, the country has started to diversify through the adoption of Economic Mechanism in 1986 which spurred industry and service sectors. To further alleviate poverty and to sustain the economic growth, the Seventh National Socio-Economic Development Plan (NSEDP) 2011-2015 has been implemented with six of the seven development goals related to Sustainable Consumption and Production. As Lao PDR invests in more productive and dynamic sectors, it is faced with environmental and resource challenges. A project implemented in Laos from April 2010 to December 2013, the Sustainable Product Innovation (SPIN) project supports innovation capacity of the country to manufacture and design products that incorporates socio-economic and environment criteria throughout the product lifecycle. Funded by the European Union (EU) SWITCH Asia Programme, the project has worked with number of companies in Laos and (i) has developed hundreds of sustainable products and prototypes of these, (ii) trainings and consultations have been conducted to promote and develop innovative and sustainable product development capacity, and (iii) locally applicable toolkits for implementation of sustainable product innovation has been introduced (SWITCH-Asia, 2008). The concept of sustainable products puts forwards the need to incorporate a lifecycle perspective when developing and assessing product development processes and techniques in order to lessen the environmental burden of such product while allowing for its benefits to be enjoyed by consumers. |
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