Over the past decades, the focus has shifted from waste treatment to: Reduce, Reuse, Recycle. There are very strong numbers that support this trend, as the % of waste that is being put in landfill or treated has gone down in developing countries. This is fantastic news in itself and rightly should be applauded. We hope that development is strong and will continue to deliver further encouraging results.
It did impact the trend, which did lead to the building of large waste treatment facilities in the 70s and 80s. Several large facilities need to import Refuse Derived Fuel (RDF) to enable the efficient operation. Investments always have an element of risk. As waste projects tend to be large, we like to compare this with that of typical infrastructure investments. In an ideal world the normal risk profile of infrastructure investments should reflect low risk, as sums are high, technologies are proven and return should be solid over a long time period. Investors do their best to mitigate and protect themselves from political and other risks. There are plenty of projects that fulfil these expectations, some go spectacularly wrong (Germany: Berlin Airport; UK: HS2, I believe every country has their own).
Sadly, there is no golden technology in waste treatment. In fact, all current technologies have their strong limitations and drawbacks. Some of the effects are difficult to predict. Wuhan, in China, is just the latest example of community protests.
While the focus on the 3Rs has changed the world of waste, it has taken away the focus on waste treatment technologies. We spoke to a lot of International Financial Institutes (IFIs), discussing the possibility for funding in waste treatment projects (which we have quite a few), only to be told that the main focus of investment currently is in the 3 Rs: Reduce, Reuse, Recycle. When looking closer at this investment focus, it is predominantly data, not treatment, driven. Data driven focus also wants to influence people and companies to change their waste behaviour, which should lead to less waste being produced, the disposal done in a smarter way, thus allowing more efficient recycling. To show the complexity companies have to deal with, not only waste, I have included the reports, compiled by Turnkey Group, that companies have to publish and that are as important as the P&L. Correct and efficient data collection is key.