Highlights
Overview
Having listened to industry issues raised by the ABAC representative, working in a CLN, this task requires you to conduct research and write a report addressing the issues discussed.
Purpose
As a part of this course’s Work Integrated Learning (WIL) approach, assessment task 2 in conjunction with assessment task 3 is designed to develop and apply your knowledge and skills to a real or simulated workplace/business project or context. This task will therefore involve delivering a research report and verbal presentation on a theme that aligns with a larger collaborative international business research project between ABAC (APEC Business Advisory Council) and RMIT.
ABAC is a Business Advisory Council for APEC economics. APEC (Asia Pacific Cooperation) is a multilateral organisation consisting of 21-member economies. APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community. Since its inception, APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region.
The 2020 ABAC-RMIT Research Project will deliver research and analysis in support of the themes proposed by APEC Malaysia which identified ‘Innovative Waste Management through Circular Economy’ as one of its key priorities. APEC Leaders have raised the importance of waste management and efficient management of resources in their Declarations in 2015, 2016 and 2017. However, the issue of e-waste has not yet received adequate attention from policy makers in APEC.
Research Project Context:
Electronic waste (e-waste) is one of the fastest growing trash streams globally. In 2018, roughly 50 million metric tonnes of e-waste were generated with only 20% recycled/re-used through appropriate channels. In many cases, informal processing of e-waste poses significant health and environmental hazards especially in developing economies. The impending boom in connected ‘internet-of-things’ (IoT) devices will add further pressure on already stretched systems.
At the same time, e-waste presents an opportunity for businesses to recover expensive and scarce resources such as precious metals, rare earths and other critical materials. It is estimated that e-waste is worth $62.5 Billion annually, three times more than the annual output of the world’s silver mines. However current technologies, business models and policy frameworks are not well adapted to enable the recovery of these resources.
The concept of a Circular Economy has gained traction as a way of developing a holistic, system-wide approach to the issue of waste, recycling and sustainable development. It encompasses much more than just recycling by addressing the entire lifecycle of devices. Designers, manufacturers, investors, traders, miners, consumers, policy makers and others will all have a role to play.
Research Project objective:
This project will utilise circular economy concepts to generate recommendations for APEC economies on addressing e-waste and thereby help contribute to the Sustainable Development Goals.
Assessment task 3 represents the written report component. For the report you need to address the question provided below:
Research questions
This task requires you to answer the following set of questions:
Public Policy:
Provide best-practice examples of policy frameworks that support the adoption of circular e-waste solutions.
How can governments ensure that health and environmental concerns are met while processing e-waste? International Co-operation:
What role can international fora like APEC play in advancing circular economy concepts through regional supply chains?
How can public-private partnerships drive change? Provide examples.
Methodology:
The research focuses on answering the research questions from articles and reports from publicly available current and credible references. The research does not include any stakeholder interviews.
Each CLN will be allocated 1 APEC economies Thailand to research and explore the possibilities, implications and barriers of implementing your ideas, solutions or recommendations.
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