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1、Junkbond垃圾的担保[2010.03.29]TheEconomistFORseasonedshoppers,"buyer'sremorse^isafamiliarfeeling.“Sellersremorse^mayalsobecomecommonsoon,asevermoregovernmentsordermanufacturerstoassumethecostofdisposingoftheirproductsafterconsumersaredonewiththem.Untilrecently,most
2、lawson"extendedproducerresponsibility^(EPR)or"productstewardship"appliedonlytospecifictypesofgoods,suchascartyresorelectronics・ButinlateMarchMaine,followingtheleadofseveralCanadianprovinces,becamethefirstAmericanstatetoenactablanketEPRlaw,whichcouldinprinciple
3、coveranyproduct.Governmentsareeagertounloadsomeresponsibilityforwastemanagementontomanufacturers,especiallyforproductsthatarehardtorecycleormaybetoxic,suchaselectronics,batteries,paint,carpartsandpesticidecontainers.Ithelpsthemcutcosts,foronething—handyforloca
4、lauthoritiesshortofcashintherecession・InMaine,whichhashadanEPRlawR)relectronicwastesince2004,municipalitiessave$1・5m-3mannuallybecausemanufacturershavepickedupthecostofcollection,accordingtotheNaturalResourcesCouncilofMaine.GovernmentsalsohopethatEPRlawswillen
5、couragefinnstorethinkthewaytheymakeproducts,designingthemforlongevityandrecyclabilityratherthanforthelandfill・Maine'snew"framework^lawmakesitmucheasiertoexpandthescopeofEPRschemes,byestablishingaprocessforaddingproductstothelistofthosecoveredwithoutrequiringan
6、ewlaweachtime.Thestategovernment,whichalreadyenforcesfiveproduct-specificEPRlaws,isnowsaidtohavecarpet-makersanddrugsfirmsinitssights.Thisworriesbusinesses,fewofwhichareeagertopickupthebillforwastedisposal.Somebusinessassociations,suchastheCaliforniaChamberofC
7、ommerce,havedenouncedEPRbillsas4jobkillers^・Theypointoutthattheincreasedcostsareultimatelybomebyconsumers.ButthatdoesnotworrysupportersofEPR,whoarguethatthepriceofaproductshouldreflectitsfull"life-cycle^costs,includingdisposal,ratherthansimplyleavingtaxpayerst
8、omakeupthedifference.Moreover,unlessmanufacturersareforcedtobearthecosts,theywillhavenoincentivetomaketheirwareseasytodisposeof.ScottCassel,executivedirectoroftheProductStewardship