Nano Electronics

Rapid innovation and lowering costs have dramatically increased access to electronic products and digital technology, with many benefits. This has led to an increase in the use of electronic devices and equipment. The unintended consequence of this is a steep growth of electronic and electrical waste: e-waste. E-waste is now the fastest-growing waste stream in the world. It is estimated this waste stream reached 48.5 million tonnes in 2018. Globally, society only deals with 20% of e-waste appropriately and there is little data on what happens to the rest, which for the most part ends up in landfill, or is disposed of by informal workers in poor conditions. Yet e-waste is worth at least $62.5 billion annually, which is more than the gross domestic product (GDP) of most countries. Changes in technology such as cloud computing and the internet of things (IoT) could hold the potential to “dematerialize” the electronics industry. The rise of service business models and better product tracking and takeback could lead to global circular value chains. Material efficiency, recycling infrastructure and scaling up the volume and quality of recycled materials to meet the needs of electronics supply chains will all be essential. If the sector is supported with the right policy mix and managed in the right way, it could lead to the creation of millions of decent jobs worldwide. A new vision for the production and consumption of electronic and electrical goods based on the circular economy is needed. It is easy for e-waste to be framed as a post-consumer problem, but the issue encompasses the lifecycle of the devices everyone uses. Designers, manufacturers, investors, traders, miners, raw material producers, consumers, policy-makers and others have a crucial role to play in reducing waste, retaining value within the system, extending the economic and physical life of an item, as well as its ability to be repaired, recycled and reused.

At a time when the new European Commission announced that it will concentrate on bold initiatives, it is important to recall that any policy decision has complex ramifications. Indeed, an increasing number of decisions affect several policy portfolios, and they need to take into account an increasing number of parameters, like geopolitics, economics, finance, security, health, environment, climate change, sociology, urbanisation, ageing society, and integrate fundamental European social values such gender equality and ethics. In addition, the technological breakthroughs are accelerating as never be-fore in history and social innovation (e.g. social media) augments the speed of information gathering and dissemination.
Because societies become ever more complex, collaborative long-term anticipation must replace the "silo" thinking habits and the short-termism that has characterised many aspects of policy-making in Europe.
Foreseeing is not sufficient anymore because it is only a tactical extrapolation of current trends; it is the future of the past. Foresighting however is strategic because it is based on more disruptive views; it is about the future of the future.