The government of India has proposed information-based and incentive-based strategies along with directive-based regulations for the management of plastic waste. However, in comparison, governments in western countries have been more pro-active in promoting research in such technologies and providing low cost debt finance to promote green initiatives.
It is important for the government of India to extend special credits to local bodies in the form of grants in accordance with the quantity of plastic waste managed. Additionally, they should also extend financial assistance for R & D projects on plastic waste management.
De–Fusing the Plastic Time Bomb
“We are sitting on a plastic time bomb,” said the Supreme Court on April 3, 2013, after the Central Pollution Control Board (CPCB) informed that India generates 56 lakh tonnes of plastic waste annually. There is a dire need today to address the critical problem of plastic pollution. With over 15,000 tonnes of plastic waste generated daily in India, there is a potential for implementing 1000’s of ‘Waste to Wealth’ projects across the country. We believe that the key to a sustainable solution is realized when technology and commerce join hands with social and environmental concerns.
* The author works as the Director of Corona Energy