Waste Concern: Fixing Market Failures

Joanna Radeke (), Johanna Mair () and Christian Seelos ()
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Joanna Radeke: ESMT Berlin
Johanna Mair: Hertie School of Governance
Christian Seelos: Stanford University

Chapter 26 in Managing Sustainable Business, 2019, pp 557-574 from Springer

Abstract: Abstract In 1995 Iftekhar Enayetullah and Abu Hasnat Md. Maqsood Sinha founded Waste Concern to research and develop solutions to the problem of waste in Dhaka, the capital of Bangladesh. Over the years they established a number of companies and grew nationally and internationally. They also pioneered two Clean Development Mechanism projects under the United Nations program. In this case we describe the financial problems faced by the entrepreneurs as the carbon market plummeted affecting their Clean Development Mechanism projects. We also report other unforeseen issues such as the electricity crisis and the problem with accessing the site needed for implementing the projects. The case illustrates how Enayetullah and Sinha deal with these problems. Their approach can be summarized by their own words “when there is a problem, there is also an opportunity”. The case also illustrates the number of challenges and questions that ensued.

Keywords: Waste Concern; Fixing Market Failures; CDM Projects; Clean Development Mechanism (CDM); Carbon Market (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-024-1144-7_26

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DOI: 10.1007/978-94-024-1144-7_26

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