The high cost of waste management and the rising cost of energy are two significant financial challenges facing governments, economy, and industry today. The U.S. Congress is considering comprehensive energy legislation designed to decrease U.S. dependence on foreign energy, promote the use of renewable energy sources, and lower greenhouse gas emissions. In 2005, Congress passed an energy act that recognizes municipal solid waste (MSW) as a renewable energy source.
The total number of landfills was estimated at approximately 20,000 sites in the United States alone, 60,000 worldwide. With increasing environmental regulations, the implementation of waste-to-energy technologies will greatly increase energy production and decrease the need for landfills by turning local municipal solid waste into a source of clean energy. By calculating mass-energy balances for plasma gasification systems and relating the results to financial capital budgeting models, we have proved that plasma gasification is now economically viable. The profitability of plasma gasification will only increase as government and the private sectors invest more resources into sustainable technologies and businesses.
With strategic relationships on a global scale, we are looking forward to providing global innovative solutions that can reduce local dependence on limited resources through use of plasma gasification. In addition, this technology can cost-effectively produce alternative fuels like ethanol and green hydrogen to minimize dependence on fossil fuels and reduce the carbon footprint.
The U.S. Environmental Protection Agency (EPA) reports that in 2005 the U.S. generated more than 2.63 million tons of electronic waste, of which 87% (2.3 million tons) were not recycled, but rather dumped into landfills. Several e-waste bills are under consideration in the U.S. Congress, and some American states have moved forward in enacting bills unilaterally. While greater recycling could handle a portion of e-waste with increased tipping fees, plasma gasification could easily manage all of this waste, while simultaneously recovering metals, destroying toxins, and turning the unrecyclable materials into useful byproducts, leaving no remaining waste to deal with.
Local economies interested in our plasma gasification facilities may be able to convert their liabilities into assets while developing new and green jobs. The Green Jobs Act of 2007 passed on December 19, 2007 in the U.S. allows for approximately $125 million to be directed to job training programs specifically for "green jobs." Industries, such as manufacturing, that provide green jobs will benefit by converting to sustainable products and technologies.
As climate change impacts our planet and our economy, communities around the world are searching for solutions. Nowadays, environmental policies can enhance the local economy. Already in the U.S., investment in energy-efficient technologies and renewable resources has been shown to expand the economy.
At the same time, there is a foreseeable future demand for new, sustainable technologies (such as manufacturing fuel cells). By creating green jobs to manufacture products in the sustainable technology sector, an American state could potentially add 70,000 new jobs that induce a positive impact on the environment, and on the economy.
The Worldwatch Institute released an article in October 2007 recognizing the major benefits of developing and investing in renewable energy technologies to create "green jobs" to aid the development of economies and environments worldwide.
"A rising tide lifts all boats."
- John F. KennedyWaste disposal is not just an environmental issue; it worsens already challenging economic conditions. Waste management rates, tipping fees, and recycling sorting fees have steadily increased since 2000. Since land is becoming scarcer, landfills and waste disposal processes associated with large land utilization will inevitably become even more expensive.