Tracking Costs Reduces Tax Burden
https://lnkd.in/gPW2v5P EPR is defined as reaching an environmental objective of decreasing the total environmental impact of waste. To reduce taxpayer burden by putting the emphasis back on the producers of the waste like stall residuals. With today’s symbiotic technologies, we can optimize spending through RFID, GPS, accounting & reporting administration using blockchain algorithms for security to track the progress of waste effectively. Reducing both environmental and taxpayer burden.
- Environmental pricing reform, the process of adjusting market prices to include environmental costs and benefits
- Extended producer responsibility, a strategy designed to promote the integration of environmental costs associated with goods
In the field of waste management, extended producer responsibility (EPR) is a strategy designed to promote the integration of environmental costs associated with goods throughout their life cycles into the market price of the products. Extended producer responsibility legislation is a driving force behind the adoption of remanufacturing initiatives as it “focuses on the end-of-use treatment of consumer products and has the primary aim to increase the amount and degree of product recovery and to minimize the environmental impact of waste materials”
The concept was first formally introduced in Sweden by Thomas Lindhqvist in a 1990 report to the Swedish Ministry of the Environment. In subsequent reports prepared for the Ministry, the following definition emerged: “[EPR] is an environmental protection strategy to reach an environmental objective of a decreased total environmental impact of a product, by making the manufacturer of the product responsible for the entire life-cycle of the product and especially for the take-back, recycling and final disposal.
HPAB and EPR Tracking have combined the requirements of responsible disposal and responsible reuse to help hauliers, and local government ‘do better’ to offset disposal costs, reduce taxpayer burden and create a more productive solution to WM | WD | WR ( waste management | waste disposal | waste reuse. )