Tuesday, September 6, 2011

UK faces 'crippling' fines unless it invests billions in waste facilities

Maxine Perella in edie.net: The UK needs to invest £8bn over the next ten years to finance new waste infrastructure if it is to avoid crippling landfill taxes and EU fines, according to a parliamentary report released today (September 6). The study Rubbish to resource: Financing new waste infrastructure warns that landfilled waste is "now costing the country" with landfill tax set to rise to £80 a tonne by 2014-15.

With a quarter of household and commercial/industrial waste still projected to end up in landfill, the report says more reprocessing facilities need to be built - and fast.

The study is the result of a seven-month inquiry by the Associate Parliamentary Sustainable Resource Group (APSRG). With the UK resource efficiency sector valued between £50-70bn, the document outlines several key investment opportunities. But it also highlights numerous barriers to such investment, including a reduction in public spending, a fall in bank lending and inherent waste infrastructure project risks....

A photo by Sebastian Ballard, Wikimedia Commons via Geograph UK, under the Creative Commons Attribution-Share Alike 2.0 Generic license

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