Newsletter
GUARANTY BOND FOR WASTE DISPOSAL
To prevent incidents like the toxic waste con-tamination of the Kaoping River, the Executive Yuan Council has approved a proposal from the Environmental Protection Administration (EPA) to control industrial waste from source. To prevent toxic waste pollution at any stage in the processing of industrial waste, from the source factory to final disposal, industrial companies will have to deposit guaranty bond according to the nature and quantity of their waste.
The control measures proposed by the EPA in-clude the establishment of temporary waste data collection centers. Companies must report their waste disposal information to the centers, which will record this data and request the companies to deposit waste disposal guaranty bonds according to the nature and quantity of their waste. These bonds will be refunded on confirmation that each consignment of waste has been disposed of properly.
To track the movement of industrial waste, the EPA will audit the data reported in the last six months by enterprises and waste disposal op-erators. The audits will be conducted in three phases of six months each. The first phase will cover state-owned industries, industrial parks and waste disposal companies; the second will cover educational institutions and science-based industrial parks; and the third will cover 1000 large enterprises and major polluting industries such as leather tanning and chemical engineer-ing.