E-waste management presents significant opportunities and challenges, according to the Global E-waste Monitor 2024 report, which found that, in 2022, a total of 62 billion kilograms of e-waste was generated worldwide, with only 22.3% having been properly collected and recycled. This low recycling rate underscores the need for improved infrastructure and regulatory support, particularly in countries without any policy, legislative or regulatory instrument on e-waste. Countries without such legal instruments are reported to have collection and recycling rates close to zero, compared with 25% for those countries with legislation on e-waste.
Embedded in this e-waste are 31 billion kilograms of valuable metals, valued at USD 91 billion, including USD 19 billion worth of copper, USD 15 billion of gold and USD 16 billion of iron. Additionally, e-waste contains 17 billion kilograms of plastics and 14 billion kilograms of other materials like minerals and glass. The value of secondary raw materials reclaimed through urban mining for 2022 was USD 28 billion, emphasizing the huge economic potential of proper management of e-waste.
In 2022, formal recycling efforts avoided the extraction of 900 million tonnes of primary ore and prevented 93 million tonnes of carbon dioxide (CO2)-equivalent emissions, with 41 million tonnes from recaptured refrigerants and 52 million tonnes from avoided metal mining emissions.
Despite these opportunities, the sector faces challenges such as inadequate legislation, insufficient recycling facilities, and the need for greater public awareness and participation in the entire life cycle of electronics. Addressing these issues has the potential to significantly enhance the environment, social and economic benefits of e-waste management.