https://www.engineeringnews.co.za
Business|Environment|Gold|Health|Sustainable|Waste|Environmental|Waste
Business|Environment|Gold|Health|Sustainable|Waste|Environmental|Waste
business|environment|gold|health|sustainable|waste-company|environmental|waste

GEF, UN Environment partner with tech companies to launch e-waste economy in Nigeria

E-Waste

E-Waste

Photo by Bloomberg

24th January 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

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.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (07/06/2024)
7th June 2024 By: Martin Creamer

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.233 0.285s - 140pq - 2rq
Subscribe Now