Energy being the core necessity of various end use industries such as residential, commercial, industrial, electric power, and transportation, has considerable environmental impacts.
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Since the fossil fuels were formed over millions of years by decomposing carbon-based life forms, these resources are entirely non-renewable. Moreover, these fossil fuels are the origin of greenhouse gases and carbon emissions, which further lead to global warming. As per the data by Organisation for Economic Cooperation and Development (OECD), the global carbon dioxide emissions from fuel combustion increased from 20.623 billion tons in 1990 to 32.381 billion tons in 2014. Thus, the shift from fossil fuels to the renewable and clean sources of energy is of utmost importance for effectively dealing with climate change and its effects.
One key resort to these concerns is use of waste disposed globally to generate electricity, heat, and transport fuels, among others. The treatment of waste that would otherwise have been sent to landfills, in order to generate energy, reduces the amount of greenhouse gases and carbon emissions released into the atmosphere. This also reduces the dependency on energy imports. The conversion of waste to energy has progressed from the basic collection and disposal of waste to the technology driven treatment systems used to convert waste.
Waste to energy is the process of generating energy in the form of electricity/heat with the treatment of the waste generated with several technologies such as thermo chemical and bio chemical. The depletion of fossil fuels, and the hazards of improper waste management, have led to the expansion of waste to energy facilities substantially over the last ten years.
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As per the industry experts, the recent trends in the Europe region demonstrate that this is a suitable time to enter into new growth opportunities by setting up the waste to energy projects across the region. The leading countries such as Denmark, France and Germany and recent market entrants such as Poland in the waste to energy market are expected to see major technological advancements irrespective of the regulatory and the cultural challenges.
The countries which have huge potential but limited land availability such as Poland, are focusing on the development of new waste to energy technologies. Waste to energy is one of the growing green energy technology segments in the region. The presence of several high potential sites in the region, supporting initiatives by the government, regulations, and increasing foreign investment are some of the factors driving the growth of the market in the region.
