GOVERNMENT'S INITIATIVE TO BOOST CIRCULAR ECONOMY THROUGH PLI SCHEME

Why in the news?

The Ministry of Mines is developing a Production Linked Incentive (PLI) scheme to enhance the recycling of critical minerals in India.
This initiative aims to stimulate domestic supply chains and address the lackluster response to recent auctions of critical mineral

source: BS

Key Points :

The PLI scheme targets e-waste recycling to recover critical minerals like lithium, copper, cobalt, graphite, chromium, and silicon essential for clean energy and electronics.
It aligns with NITI Aayog’s recommendations and the 2022 Battery Waste Management Rules.

About Battery Waste Management Rules 2022:

Coverage: The rules encompass all battery types, including EV, portable, automotive, and industrial batteries.
Extended Producer Responsibility (EPR): Producers must collect and recycle waste batteries, using recovered materials for new batteries. Landfill disposal and incineration are prohibited.
EPR Certification Exchange: A centralized online portal facilitates EPR certificate exchange between producers and recyclers/refurbishers.
Online Registration and Monitoring: Producers register online, report, and are monitored via an auditing committee to ensure rule implementation.
Polluter Pays Principle: Non-compliance leads to environmental compensation.
Recovery Targets: Aim to recover 70% of battery materials by 2024-25, increasing to 80% by 2026, and 90% thereafter.
Environmental Compensation Fund: Funds from penalties support collection and recycling of uncollected waste batteries.

Associated Article:

What's New