How global warming is boosting WTE marketPosted on February 18, 2021 by DrRossH in Landfills and Disposal
The global waste-to-energy (WTE) market is expected to witness expansion as a result of the rapid depletion of conventional energy sources which contribute to harmful emissions. In terms of value, the waste-to-energy market stood at A$32,514.09m in 2019 and is expected to reach A$47,031.56m by 2025.
According to Fairfield Market Research, global Government bodies are framing and promoting favourable policies to encourage proper waste disposal and energy production. There has also been a rise in demand from end-user sectors, forcing Government bodies to commercialise alternative energy sources such as WTE regulatory bodies are also imposing strict environment policies for reducing carbon emissions released due to excessive use of fossil fuels.
WTE plants are expected to flourish during the forecast period as it aids in reducing a significant amount of harmful emissions by offering alternative forms of heat or electricity.
While this sounds good it will have a bad effect on the trying to reduce the production of single use plastic items.