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Business Daily

How can recycling be profitable?

Apr 28, 2024
21:36
Snipd AI
Exploring successful recycling schemes in Ireland and Denmark, and challenges faced by American companies. Comparison of bottle bill systems and government-backed recycling models in Australia. Importance of consumer education and shared responsibility for recycling initiatives.
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Podcast summary created with Snipd AI

Quick takeaways

  • Ireland's deposit scheme funded by drinks companies promotes recycling, while US struggles due to stagnant handling fees.
  • Australia's government-controlled recycling system with manufacturer-funded process ensures cleaner streams and sustainable waste management.

Deep dives

Ireland's Bottle and Can Recycling Scheme

Ireland has introduced a scheme to charge a deposit on bottles and cans to promote recycling. The government made drinks manufacturers fund the scheme as they profit from selling drinks in potentially littered containers. The successful implementation of this scheme has led to a cleaner environment and increased recycling rates.

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