new CEFC report - Energising resource recovery: the Australian opportunity
Published Wed 19 May 2021
The CEFC has identified a potential investment pipeline of as much as $7.8 billion to 2025 across Australia’s waste, bioenergy, recycling and resource recovery sectors, delivering a triple impact in terms of economic, employment and emissions benefits. The five-year investment outlook is part of a new CEFC report, Energising resource recovery: the Australian opportunity.
Australia’s recycling and resource recovery sector is undergoing considerable change. Global market pressures, evolving consumer preferences and an increasing focus on reducing our carbon footprint are changing the way we use and re-use materials.
With this change comes opportunity – measured in economic, employment and emissions benefits. As we explain in our new industry report, Energising resource recovery: the Australian opportunity, the resource and energy recovery sectors could drive as much as $7.8 billion in new investment in Australia over the next few years.
Highlights from the report, developed together with global engineering and consultancy leader Arup, include:
- New and expanded infrastructure requirements for waste, recycling and bioenergy projects in Australia have the potential to generate between $4 billion and $7.8 billion in new investment in the period to 2025.
- Emissions reductions are also significant, with the potential to reduce emissions from landfill by as much as 60 per cent by substantially reducing, reusing and recycling materials before they enter the waste stream, in line with the waste hierarchy.
- The employment benefits include the potential for the creation of up to 9,000 construction jobs, 2,600 indirect jobs and as many as 1,400 direct and ongoing jobs, including in regional and rural areas.