Managing your waste effectively will benefit your business directly by cutting your waste and costs. Reducing, reusing and recycling can be a key part of a climate change strategy to reduce our greenhouse gas emissions. Efficient waste management enables the protection of human health, reducing. All involved parties may need to digest the findings of this book and consider the benefits of investing in wastewater management from an economic, environmental and social point of view. Waste recycling also helps to reduce the amount of fossil fuels, as well as existing landfills and incinerations, helping to create a greener and cleaner environment for all. Producing steam at the huntsville waste to energy facility alone saves over 200,000 barrels of oil being used each year. Zero waste protects the environment, benefits communities and supports a strong local economy. It must be further emphasized that multiple public health, safety and environmental cobenefits accrue from effective waste management practices which concurrently reduce ghg emissions and improve. The whole procedure involved in recycling is a vast industry growing substantially within itself. Missing out on the economic benefits of waste management. Environmental, economic and social impacts of the use of. Evaluating the economic costs of interventions and the resulting bene. The more materials we reuse and recycle, the more we encourage job growth in recycling and reuse industries, creating a cycle that strengthens economic and environmental sustainability.
Ewaste is growing, and with that surge comes the need for effective electronics recycling programs. Compared to landfilling waste, wastetoenergy facilities offer several advantages. The planet benefits from less methane and carbon monoxide in the air. Strategies to achieve economic and environmental gains by. This study analyses the municipal solid waste management system of 172 countries from all over the globe with a population of 3. In addition to these longterm benefits, hotels that practice effective waste management will achieve benefits such as. The benefits you can expect from implementing a successful waste management policy and action plan include. Economic sustainability in municipal waste management can be defined as such integration of waste management options as to operate them at the lowest. The benefits and costs of alternative solid waste management policies. Epa has estimated roughly 42% of all greenhouse gas emissions are caused by the production and use of goods, including food.
Metals left in the municipal solid waste stream can be extracted from the ash resulting from. We shall now look in detail the advantages of waste management or the benefits of proper garbage disposal. Recycling hazardous waste can increase production efficiency and reduce costs associated with purchasing raw materials and waste management. Many municipalities in these markets spend up to half their budgets on solidwaste management. Ewaste management requires a stepwise sorting out, shipping and refurbishing the nonusable electronics into a completely new product. According to a january 2019 report from the world economic forum, ewaste is now the fastestgrowing waste stream in the world, with an estimated waste stream of 48. The impact of the management of packaging waste on the environment, economic growth and job creation is analyzed in this paper. List of figures figure 1 the causes and impacts of inefcient urban waste management in secondary cities and small towns in asia and the pacic 8 figure 2 irrc material flows and processes 12 figure 3. Recycling is wellknown for its environmental benefits, which include resource conservation, energy conservation and reductions in water and air pollution. Msw is a term used to describe household and commercial typically not industrial garbage. Epa regulates the management of hazardous and solid waste as legislated by rcra. A host community agreement hca is an agreement between a solid waste management facility operator and the local community where a solid waste management facility is located. Environmental and economic analysis of emerging plastics.
Moreover, the current and the future production of ewaste, the potential environmental problems associated with their disposal and management practices are discussed whereas the existing ewaste management schemes in greece and other countries japan, switzerland are also quoted. Economic, environmental and social aspects of waste. Amila muthukutti is an economist who has widely published covering areas of economics and business management. Prosopis juliflora is a plant species that have the potential to yield significant environmental and economic benefits.
Some waste management experts have recently incorporated a additional r. But a circular approach, as outlined in a new report, could turn the worlds ewaste mountain from a problem into a huge opportunity. As well, the general findings from these studies are applied to ontario, in order to estimate the possible. Acknowledgements this project was funded by the california integrated waste management board. Economic benefits of recycling thousands of tons of recyclables circulate through washington s recycling facilities every day. Waste emits these harmful gases, but waste recycling can reduce the impact. There are costs and benefits associated with reducing waste. For the waste sector in south africa this means care must be given to raw material use, product design, resource efficiency, waste prevention.
The economic impact of waste disposal and diversion in california a report to the california integrated waste management board by george goldman and aya ogishi department of agricultural and resource economics university of california, berkeley april 4, 2001. Daily mirror economic benefits of waste management. Benefits derived from the sustainable use of natural and environmental resources are generally categorized into three groups. Benefits of zero waste toronto environmental alliance. Innovative businesses, however, drawing on circulareconomy principles, are finding ways to convert. The economic benefits of recycling and waste reduction nj. Pdf energy, economic and environmental impact of waste. Pdf a comprehensive study of the environmental and. Since the third key element to smm is economics, it was important to update the rei report to provide an economic and systemic view of recycling. Financial benefits to business through reduced expenditure on waste disposal. The fiscal and economic benefits of sustainability discussion draft institute for local governmemt can local communities reap fiscal and economic benefits from sustainability programs investments in energy efficiency, green infrastructure, water and wastewater management, welldesigned communities. Environmental economics environment european commission.
The socioeconomic impacts of solid waste management. Full text of the study pdf 330k economic evaluation of pvc waste management 2000 this study presents the main economic implications of diverting some relevant pvc waste streams from incineration to alternative options such as landfill and mechanical recycling. Economic growth in emerging markets has helped to raise living standardsbut inevitably it has also generated massive consumer and industrial waste. Manual of political economy, 1971 translation of 1927 edition, new york. Not only can hazardous waste recycling be good for the environment, it can also be good for the bottom line. Environmental, economic and social costs and benefits of a. However, a large fraction of plastics waste cannot be readily mechanically recycled. It is used widely as a source of biofuel, food, feed and as an adsorbent in. The externalities of waste generation and treatment need to be addressed by. Solid waste management based on costbenefit analysis. This section sets out reasons why waste prevention should be integral to any waste strategy.
The benefits of maximizing this connection include conserving resources, reducing waste, slowing climate change and minimizing the environmental impacts of the materials we use. The environmental, social and economic benefits of waste. The environmental, social and economic benefits of waste prevention. While many criteria help determine where resources should be targeted, such as social and environmental considerations, a sound economic costbene. The analysis is based on three different scenarios. Ackerman 1997 analyses the environmental reasons for recycling by distinguishing. Effective waste management helps ensure the longterm sustainability of fragile coastal ecosystems and preserve the natural beauty of beaches, coral reefs, forests and rivers that tourists come to enjoy. State%20of%20asian%20and%20pacific%20cities%202015. This integrated assessment intends to cover a gap in the literature for this type of studies, using the specific case study of the portuguese packaging waste management system sigre. The recycling economics comprise numerous benefits for those who recycle. Using raw materials, packaging and equipment more efficiently means you wont have to buy as much. The economic benefits of recycling and waste reduction.
Sustainable development benefits of integrated waste. Economic value of benefits from irrcs with only composting. Sustainable buildings typically have lower annual costs for energy, water, maintenancerepair, churn reconfiguring space because of changing needs, and other operating expenses. The economic benefits of recycling and waste reduction wastewise case studies from 3 a brief look at the economics of recycling while mandatory recycling has been the law in new jersey since 1987 there are still some businesses and organizations that are not yet onboard with recycling and do not realize that. Waste management and recycling are both promising yet underexplored industries. Waste management is the commonwealths largest collection, disposal and recycling company, providing tremendous support to pennsylvanias economic and environmental infrastructure.
What are the economic, environmental and social costs and. Environmental and economic benefits of food waste management massachusetts commercial food waste ban economic impact analysis source. Carbon and economic benefits of waste and resource management the wrap strategy in the uk keith james environmental policy manager about wrap wrap helps individuals, businesses and local authorities to reduce waste and recycle more, making better use of resources and helping to tackle climate change. By recycling hazardous materials, a business may be able to eliminate the. In the past, epa has promoted local economic incentives to reduce and recycle municipal solid waste msw. Of the staggering 50 million tonnes of ewaste produced globally each year, just 20% is recycled. Sustainable development benefits of integrated waste management. As mentioned above, waste management involves the collection and disposal of both hazardous and nonhazardous wastes from all the sectors of society. Economic efficiency in the waste context is attained when the amount of waste generated and managed at each level of the hierarchy is optimal, i. Waste reduction reduced pollution air, water, land reduced vectors flies, rats, cats, dogs, snakes e. Source reduction involves efforts to reduce hazardous waste and other materials by. The economic benefits of sustainable design evidence is growing that sustainable buildings provide financial rewards for building owners, operators, and occupants. This could lay the basis for the possible revision of community legislation in this field.
The intent of the hca is to share revenue that the landfill generated with the local community. The research and studies obtained indicated that mechanical recycling is a favorable waste management option for plastics. The economic and environmental impact of waste management by admin oct, 2017 business, resources, sustainability the waste management sector may not sound exciting, but right now theres a great deal of back and forth regarding texasbased waste management, inc. Mapping the benefits of a circular economy mckinsey. That is the way forward for receiving the economic benefits of waste management.
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