Making a Business Case for the Most Promising Waste Conversion Technologies
Innovations that convert waste into valuable products offer investors a meaningful opportunity toward sustainable investing. Many discussions about sustainability focus solely on carbon emissions — but that's only a piece of the puzzle. If the world is to transition to a greener, more sustainable future, we also need to deal with over 2.1 billion tons of waste per year. To that end, innovations in waste conversion technology are a compelling way forward. Emerging waste conversion technologies have not only enhanced the business case for sustainable waste management but are also paving the way for meaningful revenue opportunities, contributing to waste reduction, and supporting the circular economy. Understanding these technologies and their business value is, therefore, an important first step toward sustainable investing. Turning trash into treasure Our society produces a great deal of waste. Despite ongoing sustainability initiatives, most of it ends up rotting in a landfill or polluting the atmosphere. Data from the World Bank indicates at least 33 percent of the solid waste generated each year is buried in a landfill and only 8 percent of landfills dispose of waste in an environmentally sustainable manner. The rest bury or dispose of trash in a way that may contaminate groundwater, create air pollution, adversely affect wildlife, and even impact human health. Liquid waste is even more challenging, requiring infrastructure and expertise that many businesses lack. And with waste production slated to reach 3.4 billion tons by 2050, not only is the world running out of time; it’s also almost maxed out of space to bury all its waste. India alone generates at least 53 million tons of waste annually and some 3,159 ‘waste mountains’ exist across the country, according to a 2020 report by the Delhi-based Centre for Science and Environment.
