Slumping economy makes recycling less profitable
In a down economy, there is less demand for raw materials which leads to a drop in the price at which these raw materials can be sold. This has had a major impact on recyclers which process consumer waste and sort it by material to sell back to manufacturers. As a result, there is a huge supply of waste which no one really wants to buy right now and recyclers have to find a way to deal with it. So, all that hardwork many households put in to have a positive impact on the environment might go to waste as recyclers resort to the more cost effective solution and began to dump materials in landfills. Besides directly affecting recyclers, municipal governments which contract recyclers to handle city waste are also hurting as the income they receive from recycling is beginning to dry up. This has cause some to suspend recycling programs altogether, which is not good for the environment at all as more waste now resumes the path straight to a landfill. Some experts don’t see the market for recyclable goods bouncing back from the slump until 2010. Until then many firms will be faced with the dilemia to focus on being cost effective or provide benefits to the environment because as of right now both cannot mutually exist.
Full Article: Telegraph