The government is set to introduce a novel platform for trading e-waste responsibility certificates. This initiative aims to tackle the growing problem of electronic waste (e-waste) by promoting proper recycling practices.
E-waste Responsibility Certificates Explained
E-waste responsibility certificates represent a certification system that holds producers accountable for the collection and environmentally sound treatment of their electronic products at the end of their life cycle. In simpler terms, manufacturers are obligated to find ways to recycle a certain portion of the e-waste they produce.
How the Platform Will Work
The upcoming platform will facilitate the trading of these certificates. Producers who exceed their recycling targets can sell their surplus certificates to those falling short of their mandated quotas. The government will establish a price range for these certificates, ensuring a fair and transparent marketplace.
Expected Benefits
This initiative is anticipated to significantly boost e-waste recycling rates in India. By placing the onus on producers, the program incentivizes them to design and manufacture products that are easier to recycle or reuse. Additionally, the tradable certificate system fosters a market-driven approach to e-waste management, potentially attracting new players and fostering innovation in the recycling sector.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
