Cost of deposit return scheme “largely outweighs gains”, says IEA
The running costs of the government’s proposed deposit return scheme (DRS) for drinks cans and bottles is a very expensive way of achieving very little, according to a new briefing from the Institute of Economic Affairs (IEA).
The report finds that the DRS is expected to cost almost £1 billion and £814 million per annum thereafter – to collect recyclables it says are worth just £37 million.
While the DRS is expected to increase recycling rates, it is unlikely to recover more than an extra 10-15% of beverage containers, the briefing states.
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(Photo credit: CIWM Journal Online)