Recycling is a process using materials (waste) into new products to prevent waste of potentially useful materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution (from incineration) and water pollution (from landfilling) by reducing the need for "conventional" waste disposal, and lower greenhouse gas emissions as compared to plastic production. Recycling is a key component of modern waste reduction and is the third component of the "Reduce, Reuse, Recycle" waste hierarchy.
A third method of increase supply of recyclates is to ban the disposal of certain materials as waste, often including used oil, old batteries, tires and garden waste. One aim of this method is to create a viable economy for proper disposal of banned products. Care must be taken that enough of these recycling services exist, or such bans simply lead to increased illegal dumping.
In a 2002 article for The Heartland Institute, Jerry Taylor, director of natural resource studies at the Cato Institute, wrote, "If it costs X to deliver newly manufactured plastic to the market, for example, but it costs 10X to deliver reused plastic to the market, we can conclude the resources required to recycle plastic are 10 times more scarce than the resources required to make plastic from scratch. And because recycling is supposed to be about the conservation of resources, mandating recycling under those circumstances will do more harm than good."
The smaller wheelie bins, for domestic or light commercial use, typically hold 120 to 360 litres (26 to 79 imp gal; 32 to 95 US gal), with 240 litres (53 imp gal; 63 US gal) being the most common. They have a hinged flap lid and two wheels on the bottom on the same side as the lid hinge. There is a bar behind the hinge on the top of the bin which is used to move it, or to hoist it up onto a garbage truck for emptying. The 240 litre bin is usually considered to have the same capacity as three traditional waste containers. In the UK, "wheelie bins" for non-recyclable domestic waste are currently collected either weekly or once a fortnight, depending on the local Council's waste management policies.
However, comparing the market cost of recyclable material with the cost of new raw materials ignores economic externalities—the costs that are currently not counted by the market. Creating a new piece of plastic, for instance, may cause more pollution and be less sustainable than recycling a similar piece of plastic, but these factors will not be counted in market cost. A life cycle assessment can be used to determine the levels of externalities and decide whether the recycling may be worthwhile despite unfavorable market costs. Alternatively, legal means (such as a carbon tax) can be used to bring externalities into the market, so that the market cost of the material becomes close to the true cost.