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Market incentives for recycling: the tax credit and product charge compared

Journal Article · · Environ. Aff.; (United States)
OSTI ID:7299046

The need for a reliable waste policy is clearly seen and has not yet been formulated. The Solid Waste Disposal Act of 1965 was the initial Federal response to the solid-waste problem. The Act recognized the necessity of stimulating additional materials recycling and established a framework for both financial and technical assistance to local and state agencies for development of resource recovery and solid-waste disposal programs. This article explores recent congressional proposals in two closely related areas: materials recycling and waste reduction efforts. As used in this article, ''recycling'' means ''the recovery of specific reprocessed secondary materials.'' For example, the reuse of a returnable beverage container does not constitute recycling unless that container has been broken down and remade. Waste reduction, on the other hand, refers to ''prevention of waste at its source,'' and is generally accomplished through extended product lives or less-materials-intensive product designs. Reuse of a returnable bottle would, therefore, constitute waste reduction. The first section of this article reviews the seriousness of the solid waste problem. Following is a brief discussion of Federal action to date, and a comparison of two recent recycling proposals: the Senate Finance Committee's tax credit for recycling, and the House Commerce Committee's national product charge. (MCW)

OSTI ID:
7299046
Journal Information:
Environ. Aff.; (United States), Journal Name: Environ. Aff.; (United States) Vol. 5:4; ISSN EVAFB
Country of Publication:
United States
Language:
English