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Economic Policy Instruments and Municipal Solid Waste Management for Sustainable Economic Development

Sathiendrakumar, R. (2011) Economic Policy Instruments and Municipal Solid Waste Management for Sustainable Economic Development. In: Waste - The Social Context; People, Policies, Persuasion and Payoffs, 8-11 May, 2011, Grant MacEwan University, Robbins Health Learning Centre, Edmonton, Alberta, Canada.

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    Abstract

    In the past the assumption was that environment was free and unlimited and this led to both environmental damage and rapid resource depletion. Now humanity is realising that the natural environment is a scarce resource. Therefore the objective of growth should be to reduce the human induced (anthropogenic) waste to a level that is ‘acceptable’ to society, because it is scientifically impossible to completely eliminate the generation of anthropogenic waste. Also there is a need to balance growth with resource preservation so that the needs of the future generation will be balance with those of the present generation. Once scarcity is accepted, appropriate technology will be developed to minimise waste generation. This paper will demonstrate how waste reduction is consistent with the principle of sustainable development. The objective for sustainable development is to maximize service to throughput. Constant stock is required for sustainable development and with this the first sub objective is to maximize service and the other is to minimize throughput which is the entropic physical flow of energy for maintenance and renewal of the constant stock Minimization of throughput is achieved by adopting the 3 R principles of reduce, reuse and recycle. Environment is not a free good but a composite asset, and excessive waste generation leads to the undue depreciation of this asset reducing the services it is capable of providing.

    Publication Type: Conference Paper
    Murdoch Affiliation: Murdoch Business School
    Publisher: Edmonton Waste Management Centre of Excellence
    Copyright: The author
    Conference Website: http://www.ewmce.com/waste-the-social-context/2011...
    Notes: Note from conference website: The presentations on here are the intellectual property of the author and no use or reproduction of the presentations is allowed without the express written consent of the author.
    URI: http://researchrepository.murdoch.edu.au/id/eprint/9852
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