Where Will Green Credit Scheme Push Battery and E waste Sector?

Those who are unaware of the growing challenges with the battery and e-waste crisis in India may not understand why India needs greener initiatives to reduce the waste crisis.?

Here’s the answer!

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India’s Battery and E Waste Crisis – A Crucial Threat

1. E Waste?

Dead electronic items can be a hazardous threat if not treated responsibly because-

• Not every bulk producer of e waste in India, is ready to take 100% responsibility for treating dead electronic waste sustainably
• Nearly 90% of informal e waste handlers tackle e waste by defying EPR regulations?
• Only a few handfuls of companies comply with the EPR for e waste rule for treating dead electronic items

2. Battery Waste

Dead batteries collected from EVs and other e-items, are equally threatening if not tackled sustainably, because,

• Global battery waste might reach 11 million metric tons annually by 2030
• Reckless recovery of lithium, cobalt, nickel and other toxic metals can contaminate groundwater, soil and the environment?

Moreover, sustainable battery recycling can extract valuable materials by reducing the necessity of relying on mining and conserving finite resources.

That’s why, the Green Credit Scheme is a game-changer concept for increasing Battery and e waste recycling rates in India rapidly in the next few years.

Green Credit Incentive – What’s That??

Yes, you just heard that right!?

But, do you know why???

That’s because, coupling the EPR for electronic waste rule with Green Credit program incentivizes every stakeholder dealing with e waste. The same scheme leverages every Producer, Importer, and Recycler of batteries complying with EPR for battery waste rule.

As the third largest producer of battery and e waste, after China and US, India’s e waste market is expected to reach 5,198.52 million US$ by 2032. But the universal problem is, that not every handler has EPR for battery and e waste registration in India.?

Now, that shoots a very relevant query about environmental sustainability, as informal management of battery and e waste damages ecological harmony. That’s where the actual value of the Green Credit Scheme comes in!?

Wondering, what’s that??

Well, the scheme provides rewards and incentives to every Manufacturer, Importer and Recycler of used batteries and dead electronic gadgets for their sustainable efforts.??

Popular Green Credits for Complying with EPR Rule

• Getting recognition and certification for eco-friendly business practices
• Scopes of transferring excess EPR credit points to compliance filers?
• Adding an eco-friendly tag to a business for fostering green business practices
• Boosting CSR (Corporate Social Responsibility) and ESG (Environmental, Social and Governance) leadership?

Conclusion

The Green Credit incentive is a real-time boon for helping India win the race towards a greener future ahead. As, only sustainable Green Credit programs which couple with EPR for e waste rule pushes India’s battery and e waste management sector to reduce carbon emission.?