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The economics of recycling



SERDC Webinar - Economics of Recycling. How recycling makes economic sense.

SERDC Webinar - Economics of Recycling. How recycling makes economic sense.



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The economics of recycling The economics of recycling Presentation Transcript

  • The Economics of Recycling:  Putting Recycling's Positive Economic Numbers to Work 
    SERDC Webinar
    May 26, 2011
  • How Tennessee is building support for recycling by showcasing economic information.
  • Why an Economic Approach in Tennessee?
    In 2009:
    Counties, cities and businesses disposed of approximately 7.6 million tons of Solid Waste at an average cost of $277 million.
    1.9 million tons were diverted or recycled saving local governments statewide approximately $69 million.
    $882 million in unrealized revenues if we had recycled just 75% of what was disposed
    View slide
  • Another note…
    Fiber – Metal – Plastics – Glass
    If these “Top 4” commodities generated in Tennessee were recycled at today’s market rates, revenues of $882 million could be realized by local governments and business.
    View slide
  • Employment Economics of Recycling in Tennessee
    The manufacturing sectors which use secondary market materials (based on the top four recyclable commodities) reported 119, 700 jobs with an average wage of $45,550 (5.5 billion dollars annually)
    Solid waste management collection and disposal companies reported 8,326 existing jobs at an average wage of $47,118 (392 million dollars annually)
  • Which Generates Better Tax Revenues?
    Recycling Oriented Outcomes
    Manufacturing facilities in full operation
    Thousands of people working
    Materials being used over and over again for new products
    Unsustainable Practices
    Low capacity or idle plants
    The unemployed or reduced number working
    One surcharge/tax on the disposal of materials – End of Life.
  • The Canadian Federation of Independent Businesses has compiled a list of the top 10 financial burdens facing entrepreneurs in 2011.
    — The January 2011 findings are based on 967 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Findings are statistically accurate to +/- 3.2 per cent 19 times in 20.
  • Tennessee Can’t Afford NOT to Recycle
    Why we must recycle –
    The Economics
    Previous message why we must recycle-
    Jobs – Creates and sustains
    Economics – Saves money, avoids costs
    Revenues – Increases Tax Base
    Material – Becoming cheaper than virgin material
    Energy – Much cheaper than virgin material extraction
    Resource Management – Feedstock
    National Security – Energy, Economics, jobs….
    Save the environment
    Expected by people
    Right thing to do…
  • Why we can’t afford not to?
  • Communications Plan &Media Development
    Smart Guide Series
    • Economic Overview
    • Energy (Planned)
    • Revenue (Planned)
    Website Makeover
    Statewide Branding
    Networking Opportunities
  • Recycling Hubs Project
    Build partnerships that:
    • Share resources
    • Capitalize on cost avoidance
    • Revenue generating
    • Increases involvement
    • Regional orientation
    • Leverage economy of scale
  • Pay as you throw
    The vast majority of Tennesseans have their waste services paid through property taxes.
    It’s time to treat solid waste like the utility that it is and tie the cost to service.
    Our Middle Tennessee Hub Project is considering a true Pay as You Throw System.
  • 40th Annual Environmental Show of the South
    Getting the message out –
    Use high profile speakers
    -Unified Message
    Recycling :
    • Creates jobs
    • Improves revenues
    • Increases Tax Base
    • Avoids Unnecessary Costs
    Makes Economic Sense
  • Networking and Working Together
    Getting the right people together to make the right decisions happen…
  • Contact Information
    Larry Christley, Manager
    Planning and Financial Assistance Sections
    Tennessee Department of Environment and Conservation
    Division of Solid and Hazardous Waste Management
    L&C Tower, 5th Floor
    401 Church Street
    Nashville, TN 37243