japan ready to seize golden opportunity to cash in on recycled electronics as china imposes ban on imports - cheap plastic drink bottles
For 30 years, China has recycled more cartons, plastic bottles and old computers than any other country.
By doing so, it has saved millions of tons of resources and indirectly funded thousands of recycling projects and companies around the world.
But now it wants to stop.
China informed the World Trade Organization on July (WTO)
It will soon ban the import of many types of recyclable items.
As a result, recycling programs and companies around the world are scrambling to find new destinations for the rubbish they once sent to China.
In more and more cases, the destination is a landfill.
It's a real recycling crisis, but it doesn't have to continue.
In public, the government claimed that the ban was driven by environmental issues related to import recycling --
This actually deprived the company of cheap sources of raw materials.
This encourages other countries, companies and projects to invest in new, cleaner technologies to replace China and to obtain these materials for themselves. Arch-
Japan, which has long been the world's leading recycling exporter, may be the first to seize the opportunity.
Like many other countries, Japan has relied on China as its main destination for recycling for decades.
This solves an imminent problem, but it is also a boon for Chinese manufacturers.
After all, while environmental issues have driven the expansion of recycling plans throughout the developed world, the entry into the blue box is also made of raw materials.
In the United States, for example, almost 40 pc aluminum supplies come from recycled resources.
Nearly half of China's copper supply is recycled. based.
This is especially true for difficult people. to-
Recycling items such as electronic waste.
Old phones that buy gold or other rare metals are much cheaper than digging mines, especially when labor is cheap and environmental control is limited.
China's output is amazing: China's leading e-commerce at its peak
The waste disposal area produces 20 tons of gold from old electronics every year.
This is about 10 pc of US gold production in 2016.
The Chinese government has good reasons to withdraw from trade.
The pollution caused by electronic waste has become an embarrassing phenomenon in the world.
More and more of China's own discarded gadgets have reduced demand for more imports from abroad.
Until the final decision to ban the goods altogether, the authorities have been steadily raising barriers to them.
This opens the market. With long-
As the government's long-term support for research, some of Japan's largest companies are deploying technology at home and abroad to replace some of the lower
Cost and pollution recovery systems used in China for a long time.
For example, Mitsubishi Materials is investing more than $100 for electronic and-
Ion car battery.
Mitsubishi will initially focus on Japan, but it also plans to open a factory in the Netherlands that will be able to manage at least some EU e-waste that was once shipped to China.
It is essential that these factories make money not only as service providers;
Mitsubishi also sees them as a hedge against future scarcity expectations.
Of course, research and investment of this size is not cheap or lacking --term.
As far as Mitsubishi is concerned, its recently announced plant will not be fully operational until 2021.
However, once the raw materials produced by these factories will be freely traded around the world.
Chinese manufacturers who are now forced to import these materials will face higher costs and lower competitive power, while Mitsubishi and Japan enjoy broad economic and environmental benefits.
In fact, the prospect is so bright that the organizers of 2020 Olympic Games are arranging to make gold, silver and bronze medals in the Olympic Games with electronic waste generated by Japanese consumers.
This is an investment lesson that recycling businesses and governments around the world should pay attention.
In the United States, the Trump administration may change its decision to cancel the Energy Department project focusing on recycling technology.
Recycling has supported more than 750,000 US jobs;
Investment focused on creating new sources of sustainable raw materials will create more.
At the same time, the private sector should work more closely with recyclers to develop clean technologies and methods to bring recycling closer to home.
Private projects like America
Based on closed-loop funds, it facilitates private companies and local governments to invest in such technologies and deserves broader corporate support.
While none of the projects is enough to make up for the loss of China's recycling capacity, not investing at all will be a real waste. (Bloomberg)