More waste infrastructure will be needed by 2020 or risk a capacity gap, according to respondents of an opinion poll, the majority of which agreed with a recent Green Investment Bank (GIB) report, setting out the investment opportunity in the UK waste market.
The recent GIB report, The UK residual waste market: A market report by the UK Green Investment Bank, stressed more waste infrastructure will be needed in the UK by 2020 or risk a capacity gap.
Produced in partnership with Tolvik Consulting, GIB forecasts a gap of up to 7.7m tonnes between the amount of waste produced post-recycling and the infrastructure available to process it – an investment opportunity of c. £5bn to 2020.
The key findings in the report are:
- the UK produced 85m tonnes of waste in 2012, with 21m tonnes sent to landfill
- GIB forecasts a gap between the waste we produce (post recycling) and the infrastructure available to process it of up to 7.7m tonnes by 2020. Closing that gap will bring economic and environmental benefits to the UK
- closing the gap will require an additional £5bn investment in the UK’s waste management infrastructure by 2020
- the new infrastructure could create up to 6000 jobs and enough renewable electricity to power 1m homes (equivalent to the electricity needs of Liverpool and Bristol).
CIWM Journal Online asked visitors to the site whether they agreed with the GIB’s forecast or not.
Majority (60%) agreed that more waste infrastructure will be needed by 2020.
Twenty-nine percent of respondents did not agree.
And eleven percent stated that it was “too soon to tell”.
The most recent CIWM Journal Online poll is asking visitors whether WRAP’s estimate that England needs to recycle another 1.7m tonnes to reach the 50 percent recycling rate needed by 2020 is achievable. To have your say visit the HOMEPAGE
For the full GIB report CLICK HERE