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Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. [1] This includes the collection , transport , treatment , and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws , technologies, and economic ...
In their book Economics of Natural Resources and the Environment, Pearce and Turner explain the shift from the traditional linear or open-ended economic system to the circular economic system (Pearce and Turner, 1990). [41] They describe an economic system where waste at extraction, production, and consumption stages is turned into inputs.
Within Germany, waste management has evolved into a large economic sector. There are more than 270,000 people working in some 11,000 companies with an annual turnover of around 70 billion euros (~$78 billion). More than 15,500 waste management facilities help to conserve resources through recycling and other recovery operations. [1]
Waste minimisation can protect the environment and often turns out to have positive economic benefits. Waste minimisation can improve: [1] Efficient production practices – waste minimisation can achieve more output of product per unit of input of raw materials.
Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. [36] This includes the collection, transport, treatment, and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws, technologies, and economic ...
Current supporters of global waste trade argue that importing waste is an economic transaction which can benefit countries with little to offer the global economy. [9] Countries which do not have the production capacity to manufacture high quality products can import waste to stimulate their economy.
Resource recovery can be enabled by changes in government policy and regulation, circular economy infrastructure such as improved 'binfrastructure' to promote source separation and waste collection, reuse and recycling, [5] innovative circular business models, [6] and valuing materials and products in terms of their economic but also their social and environmental costs and benefits. [7]
Increased waste production is often negatively associated with increased economic growth. [8] However, a zero-waste management strategy allows for economic growth that works cohesively with sustainability rather than against it. [21] The implementation of a zero-waste strategy is part of an economic goal-set that aims to create a circular ...