Table 5.
Comparison of economic instruments and resource recovery approaches.
Type | Purposes | Advantages | Drawbacks |
---|---|---|---|
Economic instruments | To raise revenue from excessive waste disposal; to encourage efficient use of resources. | Discouraging environmental pollution; providing households incentives for 5R | Revenue is not used to manage the environment due to its low tariff; waste disposal fee is not calculated based on proper formula/standard |
Resource recovery | To address climate change concern; to promote local needs of development | Creating job opportunity such as waste composting at a local level | Not mandatory |