The economics of recycling


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

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The economics of recycling

  1. 1. The Economics of Recycling:  Putting Recycling's Positive Economic Numbers to Work <br />SERDC Webinar <br />May 26, 2011<br />
  2. 2. How Tennessee is building support for recycling by showcasing economic information. <br />
  3. 3. Why an Economic Approach in Tennessee?<br />In 2009:<br />Counties, cities and businesses disposed of approximately 7.6 million tons of Solid Waste at an average cost of $277 million.<br />1.9 million tons were diverted or recycled saving local governments statewide approximately $69 million.<br />$882 million in unrealized revenues if we had recycled just 75% of what was disposed<br />
  4. 4. Another note…<br />Fiber – Metal – Plastics – Glass <br />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. <br />
  5. 5. Employment Economics of Recycling in Tennessee<br />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)<br />Solid waste management collection and disposal companies reported 8,326 existing jobs at an average wage of $47,118 (392 million dollars annually)<br />
  6. 6. Which Generates Better Tax Revenues?<br />Recycling Oriented Outcomes<br />Manufacturing facilities in full operation<br />Thousands of people working<br />Materials being used over and over again for new products<br />Unsustainable Practices<br />Low capacity or idle plants<br /> The unemployed or reduced number working<br />One surcharge/tax on the disposal of materials – End of Life.<br />
  7. 7. The Canadian Federation of Independent Businesses has compiled a list of the top 10 financial burdens facing entrepreneurs in 2011. <br />— 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.<br />
  8. 8. Tennessee Can’t Afford NOT to Recycle<br />Why we must recycle – <br />The Economics<br />Previous message why we must recycle-<br />Jobs – Creates and sustains<br />Economics – Saves money, avoids costs<br />Revenues – Increases Tax Base<br />Material – Becoming cheaper than virgin material<br />Energy – Much cheaper than virgin material extraction<br />Resource Management – Feedstock <br />National Security – Energy, Economics, jobs….<br />Mandated<br />Save the environment<br />Expected by people<br />Right thing to do…<br />
  9. 9. Why we can’t afford not to?<br />
  10. 10. Communications Plan &Media Development<br />Brochures<br />Smart Guide Series<br /><ul><li>Economic Overview
  11. 11. Energy (Planned)
  12. 12. Revenue (Planned)</li></ul>Website Makeover<br />Statewide Branding<br />Networking Opportunities<br />Presentations<br />
  13. 13. Recycling Hubs Project<br />Build partnerships that: <br /><ul><li>Share resources
  14. 14. Capitalize on cost avoidance
  15. 15. Revenue generating
  16. 16. Increases involvement
  17. 17. Regional orientation
  18. 18. Leverage economy of scale</li></li></ul><li>Pay as you throw<br />The vast majority of Tennesseans have their waste services paid through property taxes. <br />It’s time to treat solid waste like the utility that it is and tie the cost to service. <br />Our Middle Tennessee Hub Project is considering a true Pay as You Throw System.<br />
  19. 19. 40th Annual Environmental Show of the South <br />Getting the message out – <br />Use high profile speakers <br /> -Unified Message <br />Recycling :<br /><ul><li>Creates jobs
  20. 20. Improves revenues
  21. 21. Increases Tax Base
  22. 22. Avoids Unnecessary Costs</li></ul>Makes Economic Sense<br />
  23. 23. Networking and Working Together<br />Getting the right people together to make the right decisions happen…<br />
  24. 24. Contact Information<br />Larry Christley, Manager<br />Planning and Financial Assistance Sections<br />Tennessee Department of Environment and Conservation<br />Division of Solid and Hazardous Waste Management<br />L&C Tower, 5th Floor<br />401 Church Street<br />Nashville, TN 37243<br />615-532-0744<br /><br />