The Green Investment Bank (GIB) is carrying out research on the UK’s waste infrastructure needs to better understand the market and resolve problems over conflicting data on waste arisings.
In an interview with MRW, Chris Holmes, managing director waste and bioenergy at UK Green Investment Bank (left), said that a lack of clarity on the matter affected the ability of investors to make funding decisions.
The GIB was therefore collecting data on infrastructure and waste arisings for its “own sanity”.
“We are looking at [the issue] internally to make sure that we understand as much as we can the market that is out there,” he said.
“Of course we will be looking at other reports, but we wanted to make sure that - for our own purposes - there was an investment need there.”
Veolia, Sita and the Chartered Institution of Wastes Managements with consultancy Ricardo AEA have recently produced studies suggesting the UK needs more infrastructure to treat waste arisings, while Defra and consultancy Eunomia indicated the country will be overequipped with waste plants by 2020.
The GIB research is being carried out with other parties active in the waste sector, but Holmes declined to name them at this stage.
These details and the research findings will be shared with the industry once the study is finished, which is expected for the next three months, he said.
“We are very conscious of our role in the market. [We will share the results] to inform people in our sector and possibly stimulate some discussion.”
Holmes said the GIB takes the view there is a need for more treatment plants in the UK.
“We believe there is enough waste out there to warrant the building of further waste infrastructure. Is not for us to act as a developer to find those projects but we want to play a role in financing them.”
- Read our Big Interview with Chris Holmes in the issue of MRW Magazine out on 24 May.