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From EAI, a leader in renewable energy/cleantech research & consulting
Every year we dump a massive 2.12 billion tons of waste globally. This sheer number necessitates efficient waste management systems. With growing public awareness about sanitation, and with increasing pressure on governments and urban local bodies to manage waste more efficiently, waste to energy sector is one that is poised to grow at a rapid pace in the years to come. The pressing needs of waste management and it being a reliable energy source are creating attractive opportunities for investors and project developers in the waste to energy sector. Against this background, the global waste to energy market size is expected to reach a whopping $33 billion by 2023.
Why Waste to Energy?
Each month millions of tons of waste is produced. Most wastes that are generated find their way into land and water bodies without proper treatment, causing severe water and air pollution. This causes huge environmental impact to wildlife, ecosystems and human health. The problems caused by solid and liquid wastes can be significantly mitigated through the adoption of environment-friendly waste to energy technologies that will allow treatment and processing of wastes before their disposal.
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Keeping this in mind, many new waste treatment plants have come up and have developed novel ways to generate energy from waste.
Waste to energy plants are used to treat and dispose of a number of waste products, but primarily are used on municipal solid waste (MSW), commercial and industrial waste, food waste, agricultural and industrial by-products (such as bagasse produced during sugar production), animal by-products and animal waste (e.g. chicken droppings), and sewage.
The environmental benefits of waste to energy, as an alternative to disposing of waste in landfills, are clear and compelling. Waste to energy generates clean, reliable energy from a renewable fuel source, thus reducing dependence on fossil fuels, in effect, doing its part to reduce GHG emissions. In addition to environmental benefits, the waste to energy sector also offers business opportunities along its entire value chain – starting from preparation for re-use to disposal.
The waste to energy has its own set of challenges. Successive governments and other policy makers & regulators have viewed waste to energy as primarily a waste management solution rather than a valuable energy source. Consequently, its full potential has not been realised and there is a lack of coordination between the energy and waste management arms of policy-making. This has resulted in poorly-drafted legislation and inconsistent guidance and has negatively affected the sector’s growth. Investor confidence can come in only when a proper feasibility analysis and guidance on waste to energy, customized to his aspirations, is provided.
Thus, as with most emerging opportunities, waste to energy presents a promising future but with challenges on the way. Hence, a balanced understanding of the opportunities the sector promises along with its inherent challenges is needed before investment decisions can be made.
If you are an investor or a key stakeholder keen on getting an expert market and feasibility study done for waste to energy, whom can you approach?
This is where EAI’s Outsourced Research Assistance on Waste to Energy comes in.
EAI can provide custom research on Waste to Energy for the following stakeholders:
Our team has excellent knowledge of the waste to energy industry and can provide precise inputs on the following:
Through our custom research on waste to energy, we can provide information that include:
Specifically, our custom research can cover the following dimensions:
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