Electricity production is set to triple by 2050. Renewables are projected to make up 50% of global energy by 2035, from around 20% of the total today. The global renewable energy market is estimated to reach $2 trillion by 2025.
At the same time, the world is projected to increase its production of waste 70% by 2050. The global waste management market is expected to be worth $485 billion by 2025. Managing waste is expensive, costing between 20% and 50% of municipal budgets.
Recent and upcoming legislation aims to cut the volume of waste going to landfill, as well as cut greenhouse gas emissions drastically.