An excellent read discussing composting as a financially viable alternative to recycling which is becoming increasingly unviable. Key outtakes below: 💸 Fluctuating energy prices, shifting market demands, and currency instability are creating volatile conditions for the recycling industry. Maintaining consistent profitability has become challenging 📉 European businesses supplying recycled plastic materials from PET bottles now face a tough market. Higher energy market prices have forced price increases for recycled materials while virgin plastic resin prices continue to fall. Expect to see this trend globally 🚚 The cost of collecting and sorting recycling is also increasing (labour, fuel and compliance costs), impacting recycling profitability. We see this here where in 2022 → Composting is an underutilised climate risk mitigation solution ➤ Composting has the capacity to reduce methane emissions, a GHG 28 times more potent than carbon dioxide (CO2). You are also producing a material with an end market that reduces demand for synthetic fertilisers, which have negative environmental health impacts. Soil quality is also improved, enhancing carbon sequestration of soils. ➤ In-vessel composting will have energy costs, but static pile and windrow industrial composts rely on heat generated from the piled material and the introduction of oxygen for aerobic decomposition to take place with minimal intervention. ➤ While action has been taken to reform and unify recycling across the country without restricting the materials in the market, a lot of the food and beverage packaging is now unrecyclable since the bans have seen that packaging go from the blue bin to the red bin. ➤ Food scrap collections in South Australia, for example, include compostable food packaging. This has been possible as a result of extensive bans on lookalike petrochemical plastic products reducing contamination risk for composters. Supermarkets only stock certified compostable bags for produce, which then people can use for their benchtop bins, which have been shown to increase composting participation rates. What are your thoughts, as taxpayers? Why the intent focus on recycling. Who wanted a container return scheme? What would you like to see local government implement and direct public funds towards? https://lnkd.in/gQFnqgvp #composting #circulareconomy #wastemanagement
🌱 Excited to see composting gaining traction as a financially viable alternative to traditional waste management. #ESG
Event Waste Educator @ Without Waste NZ | Postgraduate Diploma in Environment Management
2moThis presents a great opportunity for market expansion, as around 40% of municipal and household waste is compostable. This is particularly relevant in developing countries like India, where there is heavy reliance on synthetic fertilizers. By implementing a comprehensive bottom-to-top approach in the waste management sector, significant progress can be achieved.