Waste tyres economic research: Intervention options to promote investment in on-shore waste tyres recycling
In 2014, the Ministry for the Environment commissioned KPMG to research economic barriers to tyre recycling in New Zealand. The report focused on identifying:
- economic drivers and barriers to investment in tyre recycling
- potential government interventions to address the barriers
- recommendations for implementation strategies.
The report confirmed that investment in recycling remains hampered by three principal barriers including limited markets for recycled tyre products, a lack of scale, and insufficient funding in the absence of markets.
KPMG shortlisted three intervention options for which a cost-benefit analysis was completed: status quo; bounded free market; and mandatory product stewardship.
Source: Ministry for the Environment
