Transforming Waste to Wealth: Waste Exchange Initiatives in India
Explore how the Ministry of Environment, Forest, and Climate Change in India is turning waste management challenges into opportunities through innovative Waste Exchange programs. From addressing littering and open dumping to promoting a circular economy, this comprehensive approach aims to unlock the economic potential of waste while benefiting health and the environment. Learn about the goals, process flow, and the role of exchanges in facilitating secure transactions and knowledge sharing.
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Presentation Transcript
Ministry of Environment, Forest and Climate Change Government of India WASTE EXCHANGE Garbage to Gold Nancy Sahay Viswashree Ajay Dahiya Ravindra Singh
WASTE MANAGEMENT - ISSUES Littering and Open Dumping Waste collection and segregation Waste Transportation Waste Disposal Waste Exchange Process Description Problem Description Benefits Implementation Challenges
PROJECTIONS ON WASTE GENERATION IN INDIA 1400 km2 300 MT 60 MT 300 km2 2016 2047 2016 2047 MSW generated Landfill requirement Data Source: TERI Waste Exchange Process Description Problem Description Benefits Implementation Challenges
LINEAR ECONOMY vs CIRCULAR ECONOMY Waste Exchange Process Description Problem Description Benefits Implementation Challenges
WASTE EXCHANGE Problem Description Process Description Waste Exchange Benefits Implementation Challenges
GOALS OF WASTE EXCHANGE full economic potential of waste Knowledge sharing 300 tonnes health and environment 7 kwh Problem Description Process Description Waste Exchange Benefits Implementation Challenges
PROCESS FLOW CHART Waste User Waste Generator Lists Items for Auction Yes Exchange Portal Check Eligibility Register for Bid Winner Pays to Exchange Completion of Auction Transportation from Buyer to Seller Both parties satisfied by Transaction Yes No Payment made by Exchange to Seller Exchange helps settle Grievances Problem Description Waste Exchange Process Description Benefits Implementation Challenges
ROLE OF EXCHANGE Secure Transactions Adherence to Standard Rules Price Discovery Knowledge Sharing Storage Facilities Problem Description Waste Exchange Process Description Benefits Implementation Challenges
VALUE ADDITION TO STAKE HOLDERS Revenue Generation Lower waste disposal costs Green image Low cost raw materials Information exchange Waste Generat ors Waste Users Gov / Local Body Society Streamlining of waste management Strengthened local bodies Reduced Resource wastage ,Carbon emissions Social Clashes Ragpickers Problem Description Waste Exchange Process Description Implementation Challenges Benefits
IMPLEMENTATION MECHANISM The Exchange would be set up under the aegis of MoEFCC REVENUE MODEL Transaction Fees Based on fixed percentage of transaction value Storage Fees Facility available on request in trading terminals Listing Fees For registered users To be kept low to encourage participation Security Deposit Initial guarantee amount from all registered users Problem Description Process Description Waste Exchange Benefits Challenges Implementation
MOBILE APP PAYMENT MODEL Problem Description Process Description Waste Exchange Benefits Challenges Implementation
CHALLENGES & SOLUTIONS - I Capacity Building Lack of awareness Technical & Legal Trainings, Grievance redressal Economic Issues Fair Price Discovery Auction model, fraud detection Operational Issues smooth transactions , Institutional arrangements Network linking and Industrial Ecology Problem Description Waste Exchange Process Description Benefits Implementation Challenges
CHALLENGES & SOLUTIONS - II Matching Mechanism Demand Supply Mismatch GIS mapping of sites Regulatory Barriers Certain wastes subject to strong regulations Single Window Operations, simple procedures Local Bodies Fund /resource constraints Strengthening local bodies Sustainability Financial Profitability Build cost effective/profitable model for all Problem Description Waste Exchange Process Description Benefits Implementation Challenges
THE CONVERGENCE MODEL Problem Description Waste Exchange Process Description Benefits Implementation Challenges
Waste is nothing but the resources we are not harvesting. We allow them to disperse because we ve been ignorant of their value. Why to TRASH it when you can CASH it
