How Going Green is An Economy Booster

Monday, September 18, 2017

This may surprise many people but recycling has many benefits for the economy.
An efficient system is what defines a strong economy. Having to pay for resources that are exceedingly growing scarce severely stifles it.Recycling helps the economy in more ways than one. It helps to prevent paying for a number of things including purchasing fossil fuels from other countries, mining iron ore and planting more forests. Also, the economy gets a boost when employment increases. Additionally, all the money saved is diverted to where it is needed the most when the cost of maintaining the current waste disposal system goes down.

Saves Energy
We can save production and energy costs and reduce the impact of raw materials’ extraction and processing on the environment by reusing and recycling plastics, glass, paper, and other materials.
The principle of resource efficiency is what recycling strictly follows. The principle states that products should be utilized to their utmost potential.  We can conserve natural resources and energy by using recycled materials instead of raw materials to manufacture new products. By adopting recycling as a part of their production strategy, companies will lower their own costs in addition to saving energy and helping the environment.

Reduce Greenhouse gas Emissions
You save energy when you recycle products. This results in fewer greenhouse emissions, which are a major cause of global warming by minimizing the number of pollutants that are released into the environment. Recycling also helps in reducing water and air pollution. Recycling 50 million tons of waste is equivalent to taking 20 million cars off the road. This clearly shows the environmental benefit of recycling. Moreover, recycling reduces contamination risk from landfills, pollution, and environmental impact from mining or extracting new materials.

More utilization of ‘green’ technologies
People are slowly moving towards ‘greener’ or environmental friendly technologies as the use of recycling products increases. Recently, there has been an increase in the use of renewable energy sources such as geothermal, wind and solar. This increase in use of renewable energy sources has helped to reduce pollution and conserve energy.

There are many economic benefits of recycling and living sustainable lives. Unfortunately we live in a time where it is not an option but a necessity because of the costs associated with living otherwise.


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