This post is one in a series of feature stories on trends shaping advanced energy markets in the U.S. and around the world, drawn from Advanced Energy Now 2015 Market Report, which was prepared for AEE by Navigant Research.
While one of the key indicators of a society’s advance is the degree to which it can distance itself from its trash, waste is increasingly viewed as a strategic resource. Recently surpassing 7 billion people, the world’s population is not only growing in number, but its propensity to consume is also accelerating. In 2014, an estimated 1.5 billion tons of municipal solid waste (MSW) was generated globally. This total is expected to surpass 2 billion tons annually within the next 10 years. According to the World Bank’s 2012 report “What a Waste,” the amount of MSW generated worldwide is growing faster than the rate of urbanization. With waste generation rates set to more than double over the next 20 years in low- and middle-income countries, the costs of managing waste disposal are expected to see a steep rise – but so are opportunities to leverage advanced technologies across the waste value chain.