The Role of EPR Credits in Boosting India’s Circular Economy

1. EPR Credits Extended Producer Responsibility credit model offers several benefits: EPR credits are tradable certificates that represent the equivalent amount of waste a producer has been responsible for recycling or managing. In India, EPR has become increasingly significant with the introduction of EPR credits—a system that allows producers to fulfil their EPR obligations by purchasing credits from authorized recyclers or waste management companies. Environmental Protection EPR credits play a vital role in enhancing environmental protection by promoting the recycling and responsible disposal of waste materials. Compliance with Regulations In India, the government has introduced stringent regulations to manage waste, particularly plastic waste. EPR credits provide a straightforward way for producers to comply with these regulations. Cost-Effective Waste Management For many businesses, setting up and maintaining waste management infrastructure can be costly and resource- intensive. Encouragement of the Recycling Industry The introduction of EPR credits has stimulated growth in India’s recycling industry. As more companies purchase EPR credits, the demand for accredited recyclers increases. Boost to Circular Economy EPR credits are an integral part of promoting a circular economy in India. By ensuring that waste products are recycled and reused, EPR credits help in reducing the consumption of virgin materials and promoting the reuse of resources. EPR credits are a powerful tool for managing waste in India, providing environmental, economic, and regulatory benefits. www.corpbiz.io +91- 9121230280