Polleke,
EtBr does breakdown under U.V, sunlight etc. but I really wouldn't recommend it as a method of making your gels safe before disposal unless they're still going to be treated as hazardous waste... I don't know exactly what breakdown products are actually produced, but I do know that they give +ve Ames test results so would be classed as hazardous waste regardless. No idea if the compounds produced are likely to be a hazard to your air supply, I doubt it, but the whole process doesn't really seem worthwhile enough for you to bother risking it unless you're paying the disposal bills. You're never going to be thanked for saving a few dollars but you can be damn sure you're going to be the one fired/sued/imprisoned if there are ever any repercussions!
Out of curiosity, why not consider an alternative to EtBr? We're pretty much banned from using it in any application where there is an safer altenative product, regardless of cost!
Just my thoughts...
R