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Junk bond 垃圾的担保[2010.03.29] The Economist
FOR seasoned shoppers, “buyer’s remorse” is a familiar feeling. “Seller’s remorse” may also become common soon, as ever more governments order manufacturers to assume the cost of disposing of their products after consumers are done with them. Until recently, most laws on “extended producer responsibility” (EPR) or “product stewardship” applied only to specific types of goods, such as car tyres or electronics. But in late March Maine, following the lead of several Canadian provinces, became the first American state to enact a blanket EPR law, which could in principle cover any product.Governments are eager to unload some responsibility for waste management onto manufacturers, especially for products that are hard to recycle or may be toxic, such as electronics, batteries, paint, car parts and pesticide containers. It helps them cut costs, for one thing—handy for local authorities short of cash in the recession. In Maine, which has had an EPR law for electronic waste since 2004, municipalities save $1.5m-3m annually because manufacturers have picked up the cost of collection, according to the Natural Resources Council of Maine. Governments also hope that EPR laws will encourage firms to rethink the way they make products, designing them for longevity and recyclability rather than for the landfill.Maine’s new “framework” law makes it much easier to expand the scope of EPR schemes, by establishing a process for adding products to the list of those covered without requiring a new law each time. The state government, which already enforces five product-specific EPR laws, is now said to have carpet-makers and drugs firms in its sights. This worries businesses, few of which are eager to pick up the bill for waste disposal. Some business associations, such as the California Chamber of Commerce, have denounced EPR bills as “job killers”. They point out that the increased costs are ultimately borne by consumers. But tha
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