New UN-backed scheme to turn ‘trash into cash’ in Asia-Pacific cities
(Feb.23,2010): Under a new United Nations-backed initiative launched on Monday, cities
in Asia and the Pacific, which are dealing with ever-increasing heaps of waste, will
be able to transform ‘trash into cash. The scheme, unveiled by the UN Economic and
Social Commission for Asia and the Pacific (ESCAP) and Waste Concern, a Bangladeshi
non-governmental organization, seeks to help solid waste development strategies become
decentralized, pro-poor, low-carbon and self-financing through the sale of carbon
credits. Exploding urban populations and economies in the region have resulted in
a surge in solid wastes that municipal governments are finding difficult to dispose
of, as dumpsites fill up and land for new ones is becoming harder to come by. Even
though local governments spend up to 60 per cent of their annual budgets to collect,
transport and dispose of solid wastes, not all waste is collected . Instead it is
often disposed in crude open dumps that pollute the atmosphere and water. The
new programme, launched in Dhaka, Bangladesh, seeks to harness the potential of the
informal waste collection sector, which has demonstrated that recycling trash can
be extremely profitable.Millions make a living from recycling waste, both from inorganic
recyclable waste and organic waste, which can be turned into compost and can generate
initial start-up costs through carbon credits. Since 2005, the organization, ESCAP
and local partners have tested and further refined the approach in Sri Lanka and Viet
Nam. One compost plant serving some 1,000 households and treating 2-3 tons of waste
daily has been built in each country, and both sites have financed themselves.