#India is the world's third-biggest e-waste generator, producing over 3.23 million metric tonnes of e-waste per year, behind the US and China.
What's e-waste?
💡Simply put, it's the accumulation of old phones, cameras, TVs, computers — discarded products made of plastic and toxic compounds.
Folks handling this waste (usually women and kids) are routinely exposed to toxic heavy metals, which is a big health hazard.
👉In fact, between 2018 and 2020 our e-waste generation rose by ~ 43%.
And given that the pandemic has induced an increase in the use of electronic devices and there's a smartphone revolution brewing in the country, the problem is bound to accentuate in the near future.
The thing is that despite having policies to safely process e-waste, most recyclers aren’t recycling waste at all due to a lack of capacity or the necessary tools to do it.
And you might think that the best way to deal with the problem is to fix the waste management bit.
💡But there’s another angle to this.
Over the past few decades, consumer electronics have become harder to fix.
Some cos. have deliberately made it hard to fix things, either by restricting repair information to authorized dealers or by affixing parts that require specialized equipment available to a select few.
So how can we deal with this?
1. For starters, we have to hope countries introduce a “right to repair '' law, simply making it easier for people to fix things, like switching out batteries on cell phones, etc.
2. Govts should penalize companies that plan obsolescence to affect product performance.
3. More focus should be given to better waste management practices by enforcing existing regulations or incentivizing product manufacturers to take recycling seriously.
What are your thoughts??
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We've received so many questions about this that we feel compelled to address this bit now.
For the longest while, we've wanted to keep Finshots free. No ads. No subscriptions.
And it isn't because we are a not-for-profit. (We aren't). But, because we wanted to try a different approach. An approach that involves building an active community of like-minded people.
If you're looking for some entertaining Friday movie watches, we've got you covered.
Here's a thread on some of the best business/finance movies you must watch 🍿...
1. The Big Short (2015)
The Big Short is by far the most entertaining take on the 2008 financial crisis.
Written in a humorous and quick-witted way, it explains obtuse financial terminologies as well as the absurd and borderline criminal ways of the financial sector.
It is packed with a star-studded cast along with celebrity cameos of Margot Robbie, Selena Gomez, and Anthony Bourdain who explain some really complex financial concepts using a very un-Wall Street style.
Sugar #stocks have been rallying heavily over the past few weeks. And it seems like this has a whole lot to do with a chemical compound that's been all over the news lately.
We're talking about ethanol.
(thread...)
👉Ethanol is a complex derivative that can be extracted while processing sugarcane. It can be extracted from sugarcane juice and even from the likes of corn, bamboo, & rotten potatoes.
💡But what is really unique about #Ethanol is- it has high levels of oxygen, it burns cleaner than your everyday fuels like petrol or diesel. And thankfully for us, India has consistently had a surplus sugar production.
What happens to your cryptocurrency when you die??
A thread...
Did you know it’s illegal to log into a dead person’s crypto account?
So if you're a crypto investor and you died today, who reaps your fortune?
No one, technically, unless you name a beneficiary in your will. And it's a big deal as ~3.7M bitcoins, $140B is unrecoverable (excluding the 10k+ other cryptocurrencies) since the investor either lost their password or died intestate.
1. Pro-cigarette smoking tax revenue : Smokers around the world are used to paying high taxes on cigarettes that are levied by governments to dissuade smoking.
However, in 2009, China was facing a tough economic crisis, and the majority of local taxes were derived from cigarette sales.
So the citizens of the central-Chinese Hubei province were given a weird choice - to either smoke cigarettes or face a fine.