Addressing the Electronics Waste Crisis
The electronics industry generates vast amounts of waste, posing significant environmental challenges. According to the Global e-Waste Monitor 2024, 62 million tonnes of electronic waste were generated in 2022, an 82% increase since 2010. This figure is projected to soar to 82 million tonnes by 2030, representing a 32% increase from 2022.
The implications of this crisis are far-reaching. Billions of dollars worth of valuable resources are squandered or dumped each year. Moreover, the recycling of rare earth elements, crucial for numerous technologies, is woefully inadequate, with only 1% of global demand currently met through e-waste recycling
By tracking the lifecycle of electronic products, IOTA’s DPP can help identify opportunities for recycling and reuse. For example, by analyzing the components of a device, manufacturers can develop more sustainable products and recycling processes. Additionally, the DPP can help prevent illegal dumping and ensure that valuable materials are recovered and reused.
EU’s Circular Economy Goals
The European Union is taking a leading role in promoting sustainable solutions to reduce Europe’s environmental impact. In late March 2022, the EU Commission announced that the DPP will become mandatory for several product categories starting in 2024. The initial focus will be on electric vehicle batteries, textiles, construction materials, consumer electronics, packaging, and food.
IOTA’s DPP was developed as part of the EU’s broader sustainability goals. It aims to ensure that products are designed to last longer, are easier to repair, and use more environmentally friendly materials. Additionally, the EU initiative seeks to increase recycling rates to conserve resources and reduce environmental impact