E-Waste Systems, Village Green Global launch carbon credit initiative

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Greentech Lead Europe:E-Waste Systems, an electronic waste management and reverse logistics company, has developed a software solution in partnership with Village Green Global (‘VGG’) to be operated under the eWaste Carbon Credit (eWasteCC) brand name.”eWasteCC brings the first public carbon credit trading ability to the e-waste industry. The software development agreement between EWSI and VGG will lead to a brand new asset class in carbon credits trading,” said Martin Nielson, CEO of E-Waste Systems.“Adding the carbon credit community to the eWaste community enlarges the market opportunity for creating broader awareness and the faster adoption of proper eWaste recycling services while fighting the negative effects of landfills.”

Electronics are a major contributor to the expansion of greenhouse gas emissions, as the raw materials used to produce them are energy intensive, are transported globally, and when landfilled, all the energy consumed is largely wasted.

It is estimated that the embodied emissions in electronic goods imported to the US alone increased nearly 300 percent from ~170 Million tons of CO2 in 1997 to ~470 Million tons just seven years later, primarily driven by increased consumption of computers and peripherals, audio/video equipment, wireless communications equipment, and various components.

Village Green Global has strategic partnerships with several commercial and not for profit organizations globally.  Outgrowth of this initiative is planned to include new marketing and sales promotion initiatives with more details forthcoming.

“With the collaboration with VGG, eWasteCC will be able to support carbon credit trading for our growing global eWaste network,” added Mr. Nielson.

VGG has a broad range of partners, clients and educators who use SMARTWeb to measure and manage their energy consumption and carbon emissions. The system’s auditing and reporting capabilities gives users the data needed to identify and justify energy management investments, demonstrate regulatory compliance, benchmark environmental performance, and verify energy or emission credits for carbon trading.

The e-waste and reverse logistics market has become a $100B+ annual business, excluding much of the resale of still usable goods that flood the marketplace as new updates in software and hardware are released, according to Blumberg Associates.

Furthermore, as environmental legislation and policies set more stringent requirements for the disposal of these items, many analysts and practitioners expect e-waste to grow faster than any other waste stream over the next 5 years.

editor@greentechlead.com

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