Britain’s waste sector urgently needs £8 billion of investment to avoid crippling landfill taxes and EU fines, a parliamentary report has warned. The Associate Parliamentary Sustainable Resource Group (APSRG) said that unless the UK starts building infrastructure now, the country could have to pay millions for failing 2020 EU Landfill Directive targets.
Dr Alan Whitehead, a Labour MP and Chair of the APSRG’s inquiry said that unless more funding and bank lending was available, “in a few years we could be facing a real crisis in Britain’s capacity to deal with its waste stream.”
Government funds such as the Green Investment Bank could be used to bring in more private investment, suggested the report, called Rubbish to Resource: Financing New Waste Infrastructure. It also advised creating a single committee on the issue of waste and encouraging stronger links between the private waste sector and real estate investors.