‘Trash banking’ takes off around the world | Source: Waste Dive, May 2016 |
- The Mutiara Trash Bank in Makassar, Indonesia is seen as a leading example of the expanding “trash banking” system. The country has 2,800 trash banks in 129 cities which serve 175,000 people.
- Residents bring in recyclables that are weighed for value. In exchange they can withdraw or deposit money from bank accounts. Some banks allow residents to pay directly for rice, phone cards or electricity bills. The Makassar government commits to buying the waste at fixed prices and then sells it to waste merchants who ship it to Java.
- Makassar produces 800 tons of waste per day, much of which ends up in a large landfill. Waste pickers, who are often women and children, work to retrieve valuable materials from the growing pile. According to Indonesia’s Ministry of Environment and Forestry, 70% of the country’s waste goes to landfills.
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