Circular Economy to deal with e-waste
- The paper titled ‘Circular Economy in Electronics and Electrical Sector’ aims to encourage circular economy, or ensuring zero to minimal wastage in the use of electronics and electrical sector.
- India is the third largest electronic waste generator in the world after China and the USA as per the Global E-waste Monitor 2020.
- Circular economy (CE) has the potential for enhancing resource security, abatement of loss of precious and rare minerals, addressing pollution, enhancing livelihood opportunities, and mitigating environmental degradation.
- CE is an industrial system, which is an alternative to highly extractive and resource intensive linear economy principle of take-make-dispose.
- Setting up material sampling labs across the regions to assess the material value in the end-of-life product.
- Mandatory use of certain percentage of critical materials sources from secondary materials.
- Resource efficiency/ circular economy labeling, eco-labelling on the products in the percentage use of recycled materials in the product to create consumer awareness in recycling aspects of products.
- Promotion of technology for extraction of maximum number of materials through technology development/transfer, innovative finance mechanisms and schemes.