IT and Telecom Equipment Move towards Greener Future
Environmental awareness has increased among IT and Telecom equipment companies due to the substantial e-waste generated by these two industries.
The IT industry too has been adopting measures to recycle most of its components and reduce dumping of e-waste in landfills. Government regulations such as WEEE (Waste Electrical and Electronic Equipment) and RoHS (Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment) are being adopted by companies to promote recycling. Approximately 98.9 percent of components of IT equipment can be either recycled or reused.
Key trends in the market:
• Organic printed solar cells have been witnessing increased adoption
• China is leading the APAC region in terms of green funds allocation
• Increase in use of smart water meters to compute water consumption in developed markets such as US
• Around 80 percent of e-waste generated is from developed countries
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