Purpose
To promote sustainability, reduce waste, and encourage eco-friendly practices in businesses nationwide.
Objectives
- Achieve 100% recycling rate for all businesses by 2027.
- Eliminate single-use plastics and non-recyclable materials.
- Foster innovation in sustainable product design.
- Reduce greenhouse gas emissions.
Scope
All businesses, including monopolies, operating within the country.
Key Provisions
- Recycling Mandate: Businesses must recycle at least 90% of their waste by 2025 and 100% by 2027.
- Sustainable Product Design: Products must be designed for recyclability, reuse, and biodegradability.
- Recycled Content Requirements: Products must contain minimum recycled content:
- 2025: 50%
- 2027: 100%
- Waste Reduction Targets: Businesses must reduce waste generation by 50% by 2025 and 75% by 2027.
- Annual Reporting: Businesses must submit recycling and waste reduction reports.
Implementation
- Establish a National Recycling Task Force.
- Develop guidelines and standards for sustainable product design.
- Provide incentives for businesses adopting recycling practices.
- Conduct regular audits and enforcement.
Timeline
- 2023: Policy announcement and task force establishment.
- 2024: Guidelines development and stakeholder engagement.
- 2025: Initial recycling targets and reporting.
- 2027: Full implementation and evaluation.
Enforcement
- Penalties for non-compliance.
- Recognition and incentives for exemplary businesses.
Budget Allocation
- Initial funding: $10 billion.
- Annual allocation: $5 billion.
Expected Outcomes
- Significant reduction in greenhouse gas emissions.
- Increased recycling rates.
- Job creation in the recycling industry.
- Encouragement of sustainable innovation.
How does this look? Would you like to:
- Refine any provisions.
- Add new aspects.
- Explore potential challenges.