An Exchange for Ganga Waste Management in the Offing
Published on by Water Network Research, Official research team of The Water Network in Government
A spot exchange to buy and sell waste that would otherwise find its way into the Ganga is in the works, thanks to a tie-up between London-based GMEX Technologies Ltd and a government think tank.
The trading platform will provide a spot market for trading waste. GMEX is a provider of multi-asset exchange trading and post-trade technology.
Representative image, source: Pixabay
In a statement, GMEX said it is collaborating with the Centre for Ganga River Basin Management and Studies (CGanga) to launch the biomass exchange. CGanga comes under Namami Gange, or National Mission for Clean Ganga, a flagship project of the National Democratic Alliance (NDA) government.
An agreement was signed this week at the India Water Impact Summit organized by the Clean Ganga Mission, the GMEX statement said.
“Generators of waste, irrespective of quantity, can bring their waste to collection centres and get paid on the spot based on quantity and quality. This will enable a downstream waste-processing industry which relies on consistent and reliable supply of waste,” the statement said.
“The exchange is expected to start functioning on a pilot basis in select districts mostly in northern states in the first half of 2018,” Hirander Misra, chairman and CEO of GMEX Group told Mint.
“In parallel, as these facilities become operational, we would start deployments in other locations over the next 18 months. We are looking at a wider national rollout in the middle of 2019,” he added.
An expert who consults with exchanges said the task won’t be easy.
“An exchange to succeed requires enough buyers and sellers, considering that waste collectors are largely scattered and unregulated. The exchange may have an uphill task in having enough participants on the platform,” he said.
Read full article: Live Mint
Media
Taxonomy
- Waste to Value
- Business Strategy
- River Studies
- Environment
- River Restoration
- River Engineering
- Waste to Energy
- Waste Management
2 Comments
-
Sounds like a well organized con job. No mention of WHAT will become of the TRASH. The selective items that are easily exchanged for recycling will be a small % in deed. Another value LOST item is the nutrients in the waste are being exported away from their domestic location. Further decreasing soil fertility.
A vey low cost positive action would be LOCALS (who are farmers and business minded) collect the trash. For free or a small fee. They select the to be recycled items and the rest whatever it is, becomes compost. Use the compost to sell to farmer, sell to homeowner sin the city, or grow long root tree species. Plant those trees on the Ganga River banks multiple rows. The trees will clean the air, hold the soil and its nutrients in place, and remove flood water rapidly. The average size tree drinks up to 300 gallons a day. Very easy to calculate flood water dissipation rate. Not to mention the agricultural microbes used in this process will illuminate all pathogens, all toxins for heavy metals, and eliminate all waste from all areas of waste management. No more dumpsites or use of chlorine required. We belong to this group. Is there a group leader or monitor that ensures these helpful hints make it to the international level. Simple problems have simple solutions.
-
Waste Collectors are cherry pickers mainly taking wood, paper and plastic objects for recycling and have no problems in disposing off their collections on daily basis. The real question in sporadic solids/ bones, organic wastes such as leaves and flowers and half digested solids in sewerage and waste waters entering the holy river !Where are the MSW treatment plants? What role is NOT BEING PLAYED RIGHT BY ULBs?