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Individual Financial Guarantee for Future Waste Electrical and Electronic Equipment

image of Individual Financial Guarantee for Future Waste Electrical and Electronic Equipment

Waste electrical and electronic equipment (WEEE) has increased dramatically over recent years within the European Economic Area (EEA). Much of this waste is potentially damaging for humans and the environment if not collected and treated in a sound manner. EU-directive 2002/96, which was to be implemented by all EEA member states by August 13, 2005, places full financial responsibility of the management of WEEE on producers and importers, and aims to protect consumers from the risk that a producer exits on the market without fulfilling these financial obligations. The directive calls for a financial guarantee provided by producers at the time that electrical and electronic products are placed on the market. The Nordic Council of Ministers has asked ECON to develop a method for calculating producer contributions as a financial guarantee that would cover the collection and treatment of WEEE from private households, as provided for in article 8 in the EU directive. This report proposes a model for this purpose.

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Determining Fund Contributions

In this chapter, we provide guidance for determining individual contributions to the fund, under two distinct circumstances

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