Recycling Good for the Economy

YERUSHALAYIM -

The environmentally friendly Electronic Waste Law, set to go into effect in January, is good news for the Israeli economy too, an executive whose company is seeking a piece of the recycling pie, told The Jerusalem Post.

“The establishment of a local recycling industry will add 500 to 600 new jobs in the next two years,” said Dan Halman, CEO of M.A.I. — Electronics Recycling Corporation for Israel.

M.A.I. has submitted its application to become one of the select few “compliance scheme” companies that will coordinate waste collection. After collecting the waste, the compliance firms perform auditing and sorting, and fill out paperwork regarding the trash — after which, they send it to the several electronic waste recycling factories around the country, Halman explained.

The Electronic Waste Law, approved by the Knesset in May 2012, foresees the removal  of some 80,000 tons of electronic waste that accumulate in landfills each year. By 2021, all manufacturers and importers of electronics must recycle the equivalent of 50 percent of the total weight of their annual electronics sales.

Halman sees multiple benefits accruing from the new regime: regulation that will raise tax payments of tens of millions of shekels a year; creation of hundreds of new jobs; and increase the extraction and reclamation of valuable metals.