Are you curious to know how your financial choices can make a real contribution to the fight against climate change? Would you like to find out about the innovative initiatives that have been put in place in Luxembourg to promote sustainable finance? In this interview, Laetitia Hamon, Head of Sustainable Finance at the Luxembourg Stock Exchange, shares her ideas and experiences on these crucial topics. Read this interview to find out how you can make the difference and be an agent of change towards a more sustainable future.
Harvesting the resources provided by old electronic devices and preserving their potential to power new technologies
Electronic waste contains many valuable materials that can be recovered and reused to create renewable energy technologies. In this interview, Andy Maxant, Managing Director of Ecotrel, explains how extracting resources from old electronic devices works and gives us five tips on how we can preserve resources to power new energy technologies.
1. How exactly can resources be extracted from old electronic equipment?
Waste electrical and electronic equipment is sorted by category and sent to specific collection centres. It is then manually dismantled so that any polluting components can be removed. The various fractions obtained are sent to suitable treatment plants to be recycled. This way, secondary raw materials are obtained that can be reused by industry.
Ferrous metals, for example, can be reused in the steel industry. Copper, zinc, and aluminium can be used to manufacture electronic components and cables. Plastics, in the form of “master batches”, can be moulded or extruded into a range of plastic parts and go on to be used in the automotive and decoration sectors.
Old fridges containing CFCs or Freon gases, which damage the ozone layer, are treated separately: these greenhouse gases are extracted and captured with a view to being eliminated. Polyurethane foam residues from refrigerators insulation are used to make a powder used by fire brigades as an absorbent for oil and other types of hydrocarbons.
Heavy metals such as strontium, barium and lead found in cathode ray tube screens are all raw materials that can be recycled.
In your opinion, are these regulations strict enough? What could be improved at global level?
Generally speaking, any political decision that provides a legal framework for waste recycling is of strategic importance.
It is also important to keep up the fight against illegal waste exports globally. Unfortunately, waste electrical and electronic equipment continues to take the wrong path and end up in developing countries.
Donating equipment for export to Africa or Asia is no guarantee that future waste will be treated properly. It will most likely end up in unauthorised landfills, manually dismantled by children suffering deplorable working and sanitary conditions.
It is therefore important to inform consumers about good waste disposal practices, by ensuring that WEEE (waste from electrical and electronic equipment) is taken to dedicated collection points, or to collectors who are legally authorised to dispose of it.
3. How does extracting metals from electronic (instead of mining) affect clean energy technologies?
Extracting metals from electronic adds value to mining: recycling and reusing natural resources preserves them. The metals can be reinjected into new objects.
Recovering the rare and precious metals contained in appliances reduces the energy needed to extract new metals, thereby reducing the carbon footprint. Metals extracted from the Earth's crust go through a purification process that involves large quantities of water, chemicals and heavy metals.
The metals contained in WEEE can be extracted using environmentally friendly means, such as magnetic separation, shredding and electrostatic separation. These are better for the planet.
Furthermore, unlike mining, extracting metals from WEEE is much cheaper, and makes mineral resources profitable since they are being re-used.
4. Which companies will benefit most from the extraction of secondary metals from electronic waste?
In the IT sector, electronic components and cables are made from recycled copper, aluminium and other metals.
Once recycled, steel is used in the construction sector in concrete reinforcement and metal structures plus it can also be used to manufacture new household appliances.
Recycled aluminium is also used in the construction sector, to make doors and windows in particular.
The automotive sector uses recycled steel, copper and plastic.
- Ask yourself whether you need to buy a new appliance if the old one is still working.
- Think about reuse before you throw away an appliance.
- Buy appliances with a low energy rating.
- Don't dispose of your small appliances in the grey bin!
- Return your appliances to official collection points to ensure proper recycling.
About the blog:
There is an urgent need for rapid transition to global sustainability. Business and industry have enormous social and environmental impacts. "Why does it matter?" is a bi-monthly blog that aims to elucidate this important topic through the eyes of our experts.
Don't miss out our experts' practical tips for your daily life and be part of the positive change.