Emissions targets, financial incentives through the government Renewable Obligation Certificate (ROC) scheme and new environmental legislation designed to reduce the amount of commercial and domestic waste the UK sends to landfill are all leading to increasing numbers of waste to energy projects (biomass, biogas and solid waste)
These can take the form of:
However these projects are carried out, better use of waste represents a clear dual opportunity.
More frugal re-use of our natural resources has clear energy and environmental benefits and the UK is recycling increasing amounts of paper, plastic and metals. The scale of the potential compared with the current reality however means that this market segment is only going to grow in its importance to the UK economy.
BDO is a leading firm in providing advice to local authorities, investors, technology owners on financing of their waste projects. We provide accounting advice, tax and assurance services to some of the countries leading waste management organisations.
For more information please contact Raphael Miller, Corporate Finance Partner or contact your local BDO adviser.