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The specter of materialism hovers over Europe: why is waste to energy mistreated by Taxonomy?

Publications - Article

The specter of materialism hovers over Europe: why is waste to energy mistreated by Taxonomy?

This article discusses why waste-to-energy activities have been largely excluded from the European taxonomy for sustainable finance, despite their potential in meeting energy demand. The marginalization of energy recovery from waste poses a risk of wasting resources and missing out on innovation and income opportunities.

Waste to energy has traditionally offered a non-negligible range of opportunities to meet energy demand. This article focuses attention on the ways and reasons why waste to energy has so far been fundamentally excluded from the European taxonomy for environmentally sustainable finance, i.e. the regulatory framework conceived by the European Union to mobilize private finance towards the EU environmental objectives in the medium and long term.

 

With the definitive affirmation of the circular economy paradigm in European policy (European Green Deal and Second Action Plan for the circular economy), the recovery of energy from waste has been silently marginalized from European policies and measures supporting the transition, with the risk of finding ourselves forced to dispose of waste, wasting local energy resources and giving up opportunities for innovation and income.

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