One of the reasons for rising global warming is the electronic waste which contains many harmful chemicals like mercury, lead, beryllium, brominated flame retardants, and cadmium that harms the environment and if mishandled, these may end up contaminating our soil, water, and air.
Keeping in view of such risks, the Indian Institute of Technology, Madras (IIT-M) is advancing an innovative model to tackle electronic waste (e-waste) by linking stakeholders in the formal and informal economy.
The project named e-Source will be an exchange platform that will act as an online marketplace for Waste Electrical and Electronic Equipment (WEEE) and will facilitate a formal supply chain between the buyers and the sellers.
The initiative might become an important resource by enabling reverse logistics supply chains and help recycle around 53.6 million tonnes of e-waste world generated annually and is potentially a $50 billion market.
According to researchers, the global e-waste is expected to rise in the next 16 years.
India is the world’s third largest producer of e-waste and in the last 2 years, the country generated 38 per cent more e-waste. To tackle this problem these initiate steps are taken.