William Byun about waste-to-energy in times of crisis
According to William Byun, managing director at Asia Renewables, waste-to-energy technology can be very profitable even in times of crisis.
In the interview with the Global Energy Association he said: “One thing about the waste-to-energy sector, that I do think is a very stabilising force is whether the economy is good or bad, the reality is, there's always municipal solid waste being created, 24 hours a day. So, I would say the waste-to-energy sector is a lot more stable than maybe some of the other renewables.”
According to the expert in many countries, especially, in East Asia, one of the problems is there's a lack of places to dispose the garbage. Before some countries were able to ship their garbage to other countries, Singapore was able to ship it to Indonesia, the US had been sending it to China or Malaysia. “As those places shut down then it becomes even more of a pressing problem. What are you going to do with that waste,” Byun said.
He also highlighted the fact that wate-to-energy is much more expensive than other renewables partly because this technology still hasn't hit that threshold, where it's been widely adapted, widely enough for economies of scale to come in. “I would say double. Double of, let's say, wind and a lot more than solar, just because solar has gone to the point where it's crossed that threshold and the price has dropped so much,” Dr Byun said.
The full interview with Dr Byun available on our website