Finshots - Dealing with e-waste

Finshots

Dealing with e-waste

Dealing with e-waste | Finshots Daily Newsletter

In today's Finshots we talk about e-waste and how you could potentially deal with this problem


Policy

The Story

Electronic waste is piling up. Old phones, cameras, TVs, computers — discarded products made of plastic and toxic compounds. It’s piling up across the globe, including India.

Especially India!

Here’s what a WHO report had to say about the matter —

India has emerged as a major importer and producer of e-waste. Of the total amount of e-waste produced in India, an estimated 95% is recycled in the informal sector.

And it’s dangerous. More often than not people burn this stuff. In some cases, they use dangerous acids to extract precious metals. This means folks handling the waste (usually women and kids) are routinely exposed to toxic heavy metals. The contaminants also affect others who may be in the general vicinity. And you don’t need us to tell you why that’s not such a good thing.

Now bear in mind, India does have a policy to safely segregate, dismantle and process e-waste. However, most recyclers aren’t recycling waste at all. They either don’t have the capacity or the necessary tools to achieve the intended objective. And while the rules require consumer electronic companies to collect a certain percentage of e-waste attributable to them, we don’t know if they’re actually recycling this stuff.

But there’s another angle here that’s worth exploring.

You may think that the best way to deal with the problem is to fix the waste management bit. After all if we have better waste management practices, it will likely solve a lot of these problems. But perhaps a more prudent approach would involve looking at the root cause. Think about how e-waste builds up. You have electrical and electronic components that just don’t last anymore — TVs, refrigerators, phones, etc. Back in the old days, we’d call some of these items consumer durables. You know why? Because they would last a long time. They were durable.

However, that’s no longer the case anymore.

Over the past few decades, consumer electronics have become harder to fix. And while part of the problem could be attributed to increasing complexity, there is a more sinister plot here. Some companies deliberately make it hard to fix things, either by restricting repair information to authorized dealers or by affixing parts that require specialized equipment exclusively made available to a select few entities.

Even others introduce software updates that affect performance. Last year, regulators in France fined Apple €25 million for deliberately introducing an update that slowed down older iPhones. It’s madness and the problem isn’t going away. According to one report, an average US citizen is likely to cycle through 40 odd phones, 16 laptops, 15 routers, and 7–16 televisions throughout their lifetime. And while Indians may not consume this stuff at the same pace, remember there’s a smartphone revolution brewing in the hinterland. We will generate more junk and there’s no doubting this fact. Also, foreign waste has a tendency to pile up in low and middle-income countries. So we should be wary about these statistics either way.

What do you do about it?

Well, that’s a different question entirely. For starters, we have to hope that countries (including India) introduce “right to repair” laws. Just making it easier for people to fix things, like switching out batteries on cell phones, for instance, could alleviate the problem to a large degree. Second, governments should penalize companies if they are dabbling with planned obsolescence. That’s when they deliberately try to affect product performance. You can’t let them get away with these things

Finally, you have to actually focus on better waste management practices.

Governments have to enforce existing regulations and maybe incentivize product manufacturers to take recycling seriously. You could also make a case for why the government ought to invest in tech that would help recyclers safely process toxic e-waste. If this stuff remains expensive, recyclers (even the state-accredited ones) will likely just burn them or dump them in landfills. But if they get some support, maybe they’ll mend their ways.

So yeah, we have a long way to go and hopefully, we start taking this issue more seriously.

Until then...

Share this article on WhatsApp, LinkedIn and Twitter





Copyright © Finception. All rights reserved.

You are receiving this email because you have subscribed via our website

Our mailing address is:

Finception

Ideapad, CIIE,

IIM Ahmedabad,

Ahmedabad 380015,

India

No longer interested in Finshots?Unsubscribe








This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
Finception · Ideapad, CIIE, · IIM Ahmedabad · Ahmedabad 380015 · India

Older messages

Why China is attacking its own companies?

Saturday, July 10, 2021

Finshots Why China is attacking its own companies? In today's Finshots we talk about why China is cracking the whip on homegrown tech companies Business The Story Didi Chuxing is the largest ride-

Why new-age Indian businesses are finally going public

Saturday, July 10, 2021

Finshots Why new-age Indian businesses are finally going public In today's Finshots we talk about why so many tech startups are trying to go public in 2021 Business The Story Zomato, Nykaa, PayTM,

NRAI vs Zomato and Swiggy

Saturday, July 10, 2021

Finshots NRAI vs Zomato and Swiggy In today's Finshots we talk about why the National Restaurant Association of India (NRAI) wants the Competition Commission of India (CCI) to intervene and level

Weekly Wrapup: Tussling all the way

Saturday, July 10, 2021

Finshots Weekly Wrapup: Tussling all the way In this week's wrapup we talk about a floor price for Telcos, e-waste, the crackdown on Chinese tech companies, an IPO frenzy, and the tussle between

You Might Also Like

Can you pass this basic retirement knowledge quiz?

Tuesday, April 23, 2024

Most adults won't ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Sleep Training: "A Symptom Of Capitalism"?

Tuesday, April 23, 2024

The raging debate over how to juggle kids and work. View this email online Planet Money Happy To Be Back, But Drowsy by Greg Rosalsky Well, I'm back. After a lengthy parental leave, when

Buy The New TSLA Before It Skyrockets [Here's Our Recommendation]

Tuesday, April 23, 2024

The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. Today, we ask one simple question: What if you could buy the next

Earnings bulls

Monday, April 22, 2024

Bloomberg Evening Briefing View in browser Bloomberg Robust earnings from corporate America will pull the S&P 500 Index out of its latest morass, despite rising concerns about a significant jump in

👀 Inside the weight-loss drug boom

Monday, April 22, 2024

Buyers saw money in music | Finance's best-kept secret let a little slip | Finimize TOGETHER WITH Hi Reader, here's what you need to know for April 23rd in 3:12 minutes. ☕️ Finimized over a

Who's Afraid of Index Funds?

Monday, April 22, 2024

Plus! Diff Jobs; The Market for Data; Crowded Careers; Black Boxes, Everywhere; Externalities; Intra-Elite Conflict Who's Afraid of Index Funds? By Byrne Hobart • 22 Apr 2024 View in browser View

Rodney's Take 4-22-24 Get Shorties

Monday, April 22, 2024

A Yen for Lower Rates ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

📓 A test for the US economy

Sunday, April 21, 2024

Plus, everything you need to know for the week ahead | Finimize Hi Reader. We've revamped your weekly briefing to give you what you need to know for the week ahead and a recap of the past week. Let

Now’s a good time to diversify your retirement nest egg

Sunday, April 21, 2024

Here's how you could beat inflation and market volatility. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Longreads + Open Thread

Saturday, April 20, 2024

Dennett, Datacenters, Killer Apps, Anthropic, Reading, Thermostats, M&A, Rollups Longreads + Open Thread By Byrne Hobart • 20 Apr 2024 View in browser View in browser Longreads Daniel Dennett has