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That sounds rather dodgy to me - if you recycle lots you can get something back, but still not enough to cover the cost of the scheme? You probably won't get your maximum allowance each year anyway will you? What if you go on holiday / just don't buy much that can be recycled one week.
Is there a way you can recycle for free? In the UK we have public recycling bins all over the place where people can take bottles / papers for recycling. It's not as convenient, but it's free - I just bag everything up and do a trip once every few weeks.
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