February 2021, Vol 002, Issue 01
Lote Notes | Fire Safety & Security in Practice
Greetings from Lote Consulting at this beginning of this Calendar Year 2021 - we are refreshed and reinvigorated and we hope you are as well! While we at Lote rested over the New Year's break, the Renewable Energy and Waste Recycling industries have been anything but stagnant - yes, if it weren't obvious already, our topic for this Newsletter is the Renewable Energy and Waste Treatment in Australia.
According to the UN Environment Programme Report 2019, a mere 9% of the 90 billion tonnes of primary materials extracted globally are recycled. While this has had a significant detrimental impact on the planet, the flip side of this collective quandary is the creation of a significant opportunity with the sustainable development sector. The World Business Council has quantified this as a $4 trillion sector that could result in the creation of new industries and employment, while simultaneously reducing greenhouse gas emissions and increasing the efficient use of energy, water and material natural resources.
In the 2020 calendar year, the NSW government initiated a number of large-scale construction projects aimed at stimulating the economy as a response to COVID-19 frigidity. These tranches saw success across a variety of industries, including energy generation and waste recovery. While these projects are almost all ongoing, the trend set for government support of these industries is encouraging, to say the least..
Further to the already announced projects as a part of the Fast-tracked Tranches, the NSW and Victorian governments in particular have been aggressively pursuing renewable energy schemes to the tune of tens of billions of dollars. While much of this pursuit remains under deliberation, the trend both in Australia and globally is towards renewable energy. As larger and more numerous renewable energy producers spread across the state and country, rapid innovation is pushing renewables beyond the traditional horizons of solar and wind to the extraction of ethanol, biodiesel and hydrogen from waste, biomass and other sustainable sources.
A similarly renewable-focused industry that is experiencing growth during this period is that of waste recovery and recycling. Given Australia's incapability to handle the necessary medical waste created by large-scale pandemics, medical-waste processing facilities in particular are in demand. Liquid Waste collection and General Waste treatment are also needed to meet the increasing needs of ongoing mining operations - this also stimulates regional jobs and economies closer to these mines in many situations. Ongoing population increases also generally increase the need for these services.
Moreover in early December 2020, the Federal Government introduced the Recycling and Waste Reduction Act 2020 banning the export of unprocessed waste overseas. This legislation is expected to provide a stimulus that allows local infrastructure to reprocess and re-manufacture recyclables onshore. These examples are few of many, and overall it appears as though the industry is already on the road to recovery, and should be monitored closely as an area of opportunity in 2021 and beyond.
With this introductory overview squared away, please enjoy the following articles written by Lote's Fire Engineering and Security teams.
Best Wishes & Stay Safe
Dr Amer Magrabi
Managing Director - Lote Consulting | Fire Safety & Security
Making the world safe and secure