20 September 2004

UK exports recycling materials!

It's hard to beleive though the economics under our present system of underpriced oil [because externalitites are not included in the price] give it credance: yes we're exporting recyclable waste to Chine. China are resource hungry and have lots of cheap labour and with fule relatively cheap it's actually cheaper to do it this way. So it really is starting to pay to recycle; that's the good news bit of this. That it will cost even more carbon dioxide in the atmosphere is the downside not to mention that the Chinese are undercutting local recyclers. If the Chines had to pay the externalities of the fuel it would be better for local recyclers becasue their externalities would be lower... FoE reckon expanding our own industry would also be a solution as it would bring unit costs down.

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