The Indian Institute of Technology Madras (IIT-M) is developing an innovative model to tackle electronic waste (e-waste) by linking stakeholders in the formal and informal economy. They are working to address the gaps in the e-waste sector, which can potentially open doors to a massive economic opportunity.
‘e-Source’ will be an exchange platform which will serve as an online marketplace for Waste Electrical and Electronic Equipment (WEEE) and facilitate a supply chain between buyers and sellers.
This initiative aims to make WEEE a key resource in the evolution of a circular economy by establishing traceability and recovery of post-consumer e-waste in the market.
e-Source is a unique open-source platform that will evolve towards using machine learning for better traceability of e-waste in compliance with guidelines and help increase the opportunities for repair and re-use of e-waste.
This will potentially improve livelihoods for youth and women in semi urban settings by upgrading their skills and improving occupational health and safety, reduce the flow of toxic materials in waste streams and broaden the market for affordable, second-hand e-devices
This initiative is being spearheaded by Indo-German Centre for Sustainability (IGCS). The IGCS team believes that the problem of e-waste could be resolved by connecting different buyers and sellers of used and waste electronic equipment and components without compromising their interests.
According to studies, the world currently generates 53.6 million tonnes of e-waste annually, which is expected to double in the next 16 years. Studies also estimate that 85% of this is being lost globally.
Reference- IIT-M website, PR Agency Feed, Live Mint, Indo-German Centre for Sustainability (IGCS) website