Here are some key insights by Energy Alternatives India on India's huge potential in waste management:
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India has 3159 active waste dump sites contributing to 20% of the country's methane emissions, with the potential to generate 1700 MW of power.
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Significant investments are being made by companies like Aditya Birla (500 crore Rupees) and Emami Group (300 crore Rupees) in waste-to-energy and waste-to-cement facilities. The Swachh Bharat Mission 2.0 aims to achieve 50% waste diversion through composting and recycling.
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Efficient waste management could save Indian businesses ?70,000 crore annually, with the sector expected to reach ?15,000 crore by 2025. The Smart Cities Mission plans to equip 100 cities with advanced waste management solutions by 2024.
Let us look into some key insights related to the potential of waste management globally:
- $2.07 trillion - Expected global waste management market size by 2031, as reported by SkyQuest
- 2.01 billion tonnes - Annual municipal solid waste produced globally currently, according to The World Bank