WEEE Resource Ecological Compensation Mechanism Design

With the rising awareness of green sustainable development, waste electrical and electronic products (WEEE) resource processing has become a hot issue. Establishing an ecological compensation mechanism is of important to solve the current difficulties in constructing WEEE resource processing. WEEE resource ecological compensations beneficial to alleviate the pressure of WEEE on ecological environment and promote sustainable and coordinated development of WEEE supply chain. The paper aims to improve the ecological compensation system by systematically combing ecological compensation theory and practical experience of ecological compensation mechanism. Taking Shandong Province as an example, WEEE resource ecological compensation mechanism framework from the aspects of compensation subject, compensation object, compensation method and compensation standard is constructed. The guarantee measures for constructing WEEE resource ecological compensation mechanism in Shandong Province are also proposed.

subsidy. Public product theory believes that public product is prone to two problems in the process of use: "tragedy of the commons" and "free -riding problem", wh ich needs to solve the "free-rid ing" phenomenon in public product consumption and the footwork of public goods through institutional design. Environmental equity theory requires that the rights and obligations of different countries, regions and groups must be treated fairly when dealing with environ mental issues in the process of using and protecting the environment. Implementing the princip les of ecological co mpensation through legislative procedures into the framewo rk o f policy and legal system can be legally enforced to protect the smooth imp lementation of ecological environ mental protection.

Practice
(2) Establishing a mult i-subject financing mechanis m fo r ecological co mpensation should be emphased. Although the main source of eco logical co mpensation funds is financial funds and supporting funds cannot be put in place, the effect of ecological co mpensation is greatly limited.
Since ecological compensation is mostly caused by different stakeholders, regional economic develop ment is unbalanced and the inter-regional horizontal financing mechanis m will also affect the sustainability of ecological construction to some extent. The fiscal policy and the increase of inter-reg ional horizontal transfer pay ments have become an important reform direction.

Basic principles
The overall idea of W EEE resource ecological compensation mechanism design is to reduce the negative impact of WEEE resource utilization and follow the principles of "who benefits, who co mpensates". The aim of W EEE resource ecological co mpensation mechanis m design in Shandong Province is to construct a scientific and effective ecological co mpensation mechanism to promote the comprehensive, coordinated and sustainable development of economy and society through innovation of institutional and mechanisms. The basic principles are as follows.

Clear object
The adjustment of ecological compensation is the

Dynamic mechanism
In the construction of WEEE resource ecological compensation mechanism, it is necessary to consider that the arrangement of the system should be different in different time horizons. The same institutional arrangement has different effects in d ifferent time frames.
Different institutional arrangements are required in different time frames to maintain the efficiency of the operation of the mechanism. Therefore, when constructing an ecological co mpensation mechanism, it should be forward-looking.

Compensation mechanism framework design
The mechanis m is a dynamic system co mposed of different elements. In th is system, various elements are interacted with each other and move regularly to fo rm the endogenous operation of the system. According to the general idea of establishing ecological compensation mechanis m, the co mpensation mechanism framework includes four aspects: compensation subject, compensation object, compensation method and compensation standard, as is shown in Fig.1

Compensation object
The compensation object is the object that the rights and obligations of the co mpensation subject pointed to.
According to the externality theory, the ecological compensation object should be the recipient of the negative externality of the ecological service or the producer of the externality of ecological service.

Compensation method
The co mpensation method is the specific co mpensation (4) Intellectual compensation In the process of WEEE resources, the main body of production and management will be deepening the cognition of ecological co mpensation mechanism through training, lectures and publicity. This can imp rove the ability and technical level of the production and management to carry out WEEE resources.

Compensation standard
The compensation standard is the specific compensation amount paid by compensation subject to compensation object according to the predetermined basis under certain social and economic conditions. It solves the problem o f "how much to make up." According to the principle of "sufficient compensation and practical feasibility", the compensation entity should first account the various impacts or losses caused by WEEE resource disposal.
Then the total loss value and determine the specific amount according to the social development level and the compensation object agreed upon will be calculate.

MECHANIS M
Co mpensation guarantee mechanism is a series of supporting measures to ensure the smooth operation of WEEE resource ecological co mpensation mechanism, which solves the problem of how to ensure compensation.
WEEE resource ecological co mpensation guarantee mechanis m is mainly constructed from the fo llo wing four aspects.

Organizations guarantee mechanism
WEEE resource ecological co mpensation mechanism is a complex system involving the relat ionship between environmental protection and economic develop ment.
Strong organizational leadership, unified deployment of major issues and comprehensive decision-making should be guaranteed to resolve possible conflicts between different stakeholders and strengthens clos e coordination between departments and regions.

Policies and regulations
Policies and regulations are the guarantee for smooth operation of W EEE resource ecological co mpensation mechanis m. Through the establishment and improvement of relevant policies and regulat ions, WEEE resource ecological co mpensation should be incorporated into the regional develop ment plan. The co mpensation object, compensation method and compensation standard should be clearly defined to avoid short-term and disordered ecological co mpensation mechanism. At the same time, the supporting policy system of ecological co mpensation informat ion disclosure and interest expression negotiation including the standardized track should be clearly defined.

Regulatory assessment
In order to protect the rights and interests of stakeholders such as compensation subjects and compensation objects, supervision and joint law enforcement mechanis ms should be introduced to ensure the transparent operation of ecological co mpensation activities using administrative supervision, media supervision and public supervision in the process of imp lementing ecological co mpensation. At the same time, a technical advisory committee fo r evaluating compensation mechanism will be established to regularly evaluate the operation status and implementation effects, which can provide reference for further improving the compensation mechanism and provide a basis for dynamic adjustment of relevant compensation indicators.

Publicity and education
In the process of implementing ecological co mpensation,  However, environmental protection has a strong external effect, which leads to the WEEE resource relatively slow.
In addition, WEEE p rocess itself has technical, personnel and financial d ifficult ies, so it is difficu lt to carry out It is worth noting that the paper constructs WEEE resource ecological co mpensation mechanis m, but there is no systematic dynamics simulation of compensation mechanism, which is the direction for further research.