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New Delhi/Chennai, Aug 30 Indian Institute of Technology, Madras (IIT-M) is developing an innovative model to tackle electronic waste (e-waste) by linking stakeholders in the formal and informal economy.Called 'e-Source,' it will be an exchange platform that will serve as an online marketplace for Waste Electrical and Electronic Equipment (WEEE) and facilitate a formal supply chain between buyers and sellers, a IIT-M release said.This initiative can become a critical resource by enabling reverse logistics supply chains and help recycle 53.6 million tonnes of e-waste world generates annually, and is potentially a $50 billion market, it said.According to studies, global e-waste is expected to double in the next 16 years. Studies also estimated that 85 per cent of this is being lost globally. IIT Madras researchers focused on the "circular economy", and are working to address the gaps in the e-waste sector, which can potentially open doors to a $50 billion economy.E-waste is one of the pressing issues in India as well, with the country being the world's third largest producer. Further, between 2019 and 2020, Ind generated 38 per cent more e-waste. However, what is more worrying is that only 5 per cent of e-waste is recycled responsibly in the country, the release said.The e-Source initiative is being spearheaded by the Indo-German Centre for Sustainability (IGCS), which believes that the problem of e-waste could be resolved by connecting different buyers and sellers of used and waste electronic equipment and components without compromising their interests, the release said.Highlighting the need for 'e-Source' initiative, IGCS faculty member Prof Sudhir Chella Rajan said: "E-wastes are typically either completely stripped down for precious metals and other high-value materials or dumped in landfills by waste handlers, without exploring potential re-use and repurposing options. Unscientific recycling methods are harmful for waste handlers and the environment."Rajan, also a faculty in the IIT-M's Department of Humanities and Social Sciences, said: "e-Source is a unique open-source platform that will evolve towards using machine learning for better traceability of e-waste in compliance with guidelines and help increase the opportunities for repair and re-use of e-waste. This will potentially improve livelihoods for youth and women in periurban settings by upgrading their skills and improving occupational health and safety, reduce the flow of toxic materials in waste streams and broaden the market for affordable, second-hand e-devices."This initiative requires forging collaborations and influencing the stakeholders in the informal markets who are primary users/buyers of used electronic goods and sellers of electronic spares, ICT components and electronic equipment. This would ensure enough volumes are generated for repair, re-use, and recycling for larger players (e.g., authorised recyclers) to operate along with aiding stand-alone repair-men to acquire electronic components independent of the centralised grey markets, the release added.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Waste electrical and electronic equipment, Latest News

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