Recycling Benefits to the Economy
There are many recycling benefits to the economy. As you will learn in a while, it definitely makes perfect business or economic sense to recycle products that can be recycled.
Recycling saves money
There are many economic benefits of recycling, one of which includes saving money.
It is cheaper to make products using recycled materials.For example, using fresh aluminum costs twice as much as using recycled aluminum. This is because a lot more energy (ie. 90% more) is needed to extract aluminum from its raw forms (see more about recycling statistics). Subsequently, products that are made from recycled materials can also be purchased at a cheaper price. Isn’t this one marvelous recycling benefits!
Recycling benefits the economy by also reducing expenditure in other ways.
As more items are reduced, the amount of waste that needs to go to the landfill or incinerator is also reduced. Through recycling, communities can save on their waste disposal costs (eg. landfill costs), which can be very expensive. In addition, through the sale of the recycled materials, communities can also offset the cost of their waste disposal, thereby further reducing their expenditure.
Subsequently, acres and acres of landfill space can be saved, and be diverted for other uses. In countries where land is scarce, saving on landfill space could mean savings by the million, and in fact earnings, if the land can be used for other revenue-generating functions.
With recycling, everything can be used to its maximum potential. Nothing is wasted. Such cost-effective practices not only saves money, but the environment and our resources too.
Evidently, recycling benefits the economy and beyond!
Recycling creates jobs and generates revenue
In addition to the above recycling benefits, recycling brings other benefits to the economy.
Recycling creates new businesses such as for transporting, processing and selling recovered materials as well as companies that manufacture and distribute products made with recycled materials.
And in turn, jobs are created. When you recycle, more jobs are created than when you merely discharge your waste. Dumping 10,000 tons of waste in a landfill creates six jobs while recycling 10,000 tons of waste creates 36 jobs.
Unlike jobs in waste disposal, jobs in the recycling industry add value to the materials, as such contribute to a growing labour force of skilled workers, such as material sorters, dispatchers, truck drivers, sales representatives, process engineers and even chemists. Many of these jobs pay above the average national wage and many are in urban areas where jobs are desperately needed.
In California, waste recycling and management rank higher on the economic and job creation scale comparable to the state’s entertainment industry. Through recycling, a mainstream industry comprising 5,300 business operations and employing more than 85,000 workers has been created in California. Overall, $4 billion in salaries, along with $10 billion worth of goods and services, is generated each year.
And in the United States, according to the U.S. Recycling Economic Information Study, there are more than 56,000 recycling and reuse establishments in US and they employ approximately 1.1 million people. This number of workers is comparable to the automobile and truck manufacturing industry in the region, and is significantly larger than the mining and waste management and disposal industries there. In addition, wages for workers in the recycling industry are notably higher than the national average for all industries. Overall, annual revenues of about $236 billions are generated.
Other than creating new businesses and jobs, recycling benefits the economy and generates revenue through material sales as well.
There is definitely a market for recyclable materials and the returns on investments in the recycling industry can be quite high. Communities can make money by selling some of their recyclable materials.
There are countries that do not have their own natural resources and forests, but import waste material, such as paper, as raw material for their manufacturing industries.
For example, countries like China, South Korea and Japan import recycled paper or waste paper, and are able to depend upon the low-cost, economically viable options of recycling to cope with the storage of natural resources in some regions.
And as the market for recyclable materials increases, the revenue generated within the industry increases as well. So recycling is not only good to the environment, but also to our pockets as well!
Since there are so many recycling benefits to be derived, why not recycle now?
Recycling as a promising industry
Indeed, the recycling business sector is growing and developing into an extremely promising industry.
As a sunrise industry, it certainly has a lot of potential for flourishing and generating jobs and revenues worth millions.
If every household, community, city, state, and nation thought along the same lines, and invested a little time and effort into sorting out waste at home, office and community, imagine how much recyclables would be available to the recycling industry! And it would mean that almost every single item used and thrown can be recycled!The recycling industry is now limited, mainly to paper, glass, plastic, Styrofoam, grey water, aluminum and other metals.
But if more research can go into discovering creative and productive ways of recycling more products (and even alternative sources of energy), it would certainly save this planet more resources, and from pollution. As well as save our countries money, and help us earn money!
The recycling benefits to the economy cannot be doubted!
But that is not all. Read more about how recycling is beneficial to the environment and the political and ethical reasons for recycling!
Tips on recycling
Read about tips on recycling.
Also, read about what other readers have contributed on recycling tips.
And if you have recycling experiences of your own, tell us what you think is the most useful tip on recycling that others can benefit from.
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Since the inception of a widespread recycling program, there have been problems hindering the full potential of energy renewal and resource reconsumption. Recycling is the reuse of materials to help reduce the waste of natural resources. Recycling has many beneficial aspects associated with it; it helps save energy, natural resources, landfill space, and money, and it also helps create jobs ("Why Recycle"). Despite all of these positive attributes of recycling, the rates at which it is occurring is severely sub par. The major problem occurring with the entire issue is not that people choose to waste all renewable materials, but more in the respect that people aren't educated enough to know the benefits of recycling. There aren't enough programs in place urging people to recycle; no law enforcement agency is pushing towards improvements in recycling. To help improve conditions dealing with this issue, an increase in education and awareness on the severity of the problem must be addressed to the group being targeted. For this will help improve current conditions dealing with the issue. Commercial recycling is just one sector in which rates show much room for improvement
To solve the problem of public unawareness, our group set out to urge businesses to recycle. Going door-to-door, we spread the word of recycling by asking each storeowner certain questions inquiring their recycling habits. We then explained to them the benefits of recycling; how it promotes a positive image to the business, how it saves the establishment money, and how it can help reduce landfills. Providing the business with a flyer reminding them of the benefits of recycling we left the business, allowing them to reflect on what they had just learned and how they can help improve the current conditions seen today.
In examining the history of recycling in the City of Buffalo, it is necessary to understand the way recycling operates. As of December 2002, recycling has been privatized in Buffalo. The city calls for BFI Waste Management to utilize city trucks to pick up recyclables. Every citizen and business is provided with a blue recycling bin in which the can put out on the curbside for a weekly pickup by BFI. Within the last decade, the City of Buffalo has implemented a garbage user fee, which in part goes toward the recycling pick up. The city paid $1.6 billion for a five year pick-up contract with BFI. In the contract agreement, BFI kicks back $75,000 to the City of Buffalo for recycling education. Due to the current budget deficit Buffalo is unable to hire personnel to efficiently allocate these funds ( "Mayor Massiello Proposes Returning Vehicle Traffic To Main Street).
Currently, the recycling program in Buffalo has turned out an all...
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