GEF, UN Environment partner with tech companies to launch e-waste economy in Nigeria
The Nigerian government, the Global Environment Facility (GEF) and UN Environment have partnered with Dell, HP, Microsoft and Phillips to launch a $15-million investment to create a formal electronic-waste (e-waste) recycling industry in Nigeria.
A report published on Thursday by the World Economic Forum (WEF) and UN E-Waste Coalition found that the world is on the brink of a major health and environmental crisis, as the amount of e-waste produced looks set to grow from 50-million tonnes a year currently to 120-million tonnes a year by 2050.
“With only 20% of the electronics and plastics formally recycled each year, this looming health and environmental catastrophe also represents a unique $62-billion a year economic opportunity,” said the report.
The current volume of annual e-waste production, at almost 50-million tonnes, weighs more than every commercial airliner ever built combined. It is also three times more valuable than the total output of the world’s silver mines.
Further, the report noted that there is 100 times more gold in one tonne of mobile phones than in a tonne of gold ore.
The Nigerian e-waste partnership was convened on the WEF’s Platform for Accelerating the Circular Economy.
The WEF is holding is annual meeting in Davos, Switzerland, this week.
The investment comprises a $2-million GEF investment, which will be leveraged for an additional $13-million in private sector co-financing.
At a global level, seven UN entities have come together, supported by the WEF and the World Business Council for Sustainable Development to better address the e-waste challenge.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation