With the rapid rise in population year by year, coupled with increasing urbanisation and consumption habits in India, the amount of waste generation has also drastically increased. This creates adverse impacts on the surroundings including pollution of soil and water bodies. The mismanagement or improper handling and management of waste can lead to a number of environment and health hazards, including but not limited to, contamination of soil, groundwater and water bodies, unsanitary living conditions near dump sites/landfills, greenhouse gas emissions and other toxic gas emissions.
There is an urgent need for waste management ‘Implementation Organisations’ to use a sustainable financial model to scale up operations and to reduce their dependence on investors/donors in the initial years. Carbon Finance is a viable tool to aid in the increasing costs of setting up and maintaining decentralised waste management systems, including the high labour and operational costs.