London Remade launched its solution to the capital’s waste and recycling infrastructure problem today at Tate Modern. The solution, entitled Leave no footprint, will deliver exciting and practical ways to expand recycling capacity, create jobs and supply the market with materials ready to be made into new products.
Transforming the way London manages its waste is a huge challenge. Leave no footprint will divert 2.5 million tonnes of waste from landfill, create 1,000 new jobs, bring £200 million of investment into the waste and recycling industry, reduce greenhouse gas emissions and ensure regional compliance with the Landfill Directive.
Daniel Silverstone, Chief Executive, London Remade said “London needs to bury its landfill habit and move decisively towards a resource management economy with recycling at the very heart of a new generation of reprocessing facilities. Our solution, Leave no footprint, will develop state of the art recycling infrastructure capable of reprocessing both municipal and commercial waste; including opportunities for creating renewable fuels from non-recyclable waste. Investment is critical, with many banks and financial institutions now actively seeking to invest in waste.”
The development of a sustainable waste solution for London will require significant investment over the next 10 years, in excess of £4 billion in infrastructure alone.
Martin Brown, Manager – Corporate Banking at Allied Irish Bank (GB), said “Waste and recycling infrastructure is an increasingly attractive investment proposition, underpinned by potentially strong cash flows from local authorities and many blue chip companies. We are keen to increase our exposure to this sector, which we believe will revitalise manufacturing in London, create jobs and positively contribute to the economy and most importantly to the environment. I’m delighted London Remade is promoting these investment opportunities.”
London has historically relied on cheap landfill to the Home Counties and beyond to dispose of its waste. New legislation, increased public interest in recycling climate change issues and rising waste disposal costs demand the transition from waste to resource management. The pace of change is too slow. Many London councils will be penalised for failing to meet their landfill diversion targets in 2010 and 2013.
Cllr Merrick Cockell, Chairman, London Council’s said “London is a unique city, and the pressure is on to manage our waste more effectively. London Remade has set out the ideal platform for public and private sector partners to manage our waste more effectively. Leave no footprint is a timely and effective contribution to London’s waste management challenge. It represents just the kind of fresh thinking on waste management which the London boroughs are so keen to develop. It can help boroughs achieve their landfill allowance trading scheme (LATS) targets and therefore reduce the risk of penalties – thereby delivering both for the environment and for local council taxpayers.”
Jonathon Porritt, Chair, Sustainable Development Commission commented “The way we manage our waste will have a major contribution to the climate change challenge. We need a radical injection of innovative technology and fresh thinking to rise to this challenge. We need to move decisively from traditional waste management processes to models which see waste as a resource to be recovered, recycled and reused. London Remade is taking a very important step in leading London towards a new era. Leave no footprint is a refreshing and welcome approach to managing London’s waste more sustainably.”
Peter Head, Director of Planning and Integrated Urbanism, ARUP said “Building infrastructure for a world city needs to take account of the whole environment and to optimise the use and reuse of its waste materials. This prospectus will not only transform the way the capital deals with its waste but also help grow London’s reprocessing economy.”