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Economic issues in recycling end-of-life vehicles
Authors:Klaus   Anshuman   
Abstract:This research paper evolves from problems related to the environment as the result of today's product-based society and especially the end-of-life management of cars. The purpose is to identify key elements in car-scrapping approaches with the potential to meet the following three goals:
• containing the environmental damage from end-of-life cars,
• improvement of current end-of-life car management from an environmental and resource utilization standpoint, and
• fostering manufacturing of scrap-adapted/recycled cars.
An attempt is made to analyze how financial resources could be organized for the ELV recycling system. A few suggestions have been made in order to foster attainment of the above-mentioned goals through an extended producer responsibility through requisite market oriented financial support.In short, this paper takes a look at the economic feasibility and ingredients for success of a market for recyclables. It lays emphasis on some kind of transparency at the economic and technical levels.
Keywords:Automobile industry   Recycling industry   End-of-life vehicles   Polluter pays principle   Economic costs
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