Publication type: Book Chapter
The growing problem of e-waste has compelled countries globally to manage e-waste through economic instruments. Economic instruments refer to monetary mechanisms that aim at the reduction of e-waste by levying tax or charging fee on e-waste volume generated. Regardless of numerous benefits of economic instruments of waste management (e.g. promotes recycling, controls waste generation, increases revenue generation), they are restricted from being implemented due to reasons like less government support, weak policy structure, unawareness among consumers, and poor Extended Producer Responsibility (EPR) system. This practice is common in developing nations, unlike developed countries. These instruments can serve as vehicles of revenue generation in developing countries and in management of e-waste if endorsed properly. However, the predicament about taking charge of responsibilities by all stakeholders is challenging as the e-waste regulations have been issued by different countries related to management, collection, and discarding, but the physical and financial approaches to manage the same by integrating all stakeholders are yet not clear to stakeholders, especially the producers and purchasers of e-products. In this chapter, the authors have tried to study the economic instruments for e-waste in reference to responsibilities listed under the EPR principle for producers. The chapter also discusses how financing for e-waste supply chain management in other countries is operationalized by the concerned agencies for e-waste wherein the collection of some fees from the end-users helps in improved recycling of e-waste.
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