Waste to energy can turn India into a global powerhouse - Varun Datta
Some businesses are built to make money, and at the same time, making the world a place to live in. This is the belief of Varun Datta, who is an Indian-expat in the UK and the visionary behind 4NEW LTD. A Waste to Energy Company focused on production and provision of electricity to power the mining of popular crypto currencies such as Bitcoin and Ethereum.
Imagine if every waste article or disposable item was recycled and turned into something useful like gas, new product, raw material, and heat? Isn’t that the cleanliness utopia we all strive for in these times of environmental degradation and increasing threats of climate change destroying our planet?
Cities worldwide are generating more than 2.12 billion tons of solid waste every year. As bustling sectors of economic activity, cities are expected to witness the number swell to 3.18 billion tons annually by 2025- which is the equivalent weight of the Great Pyramid of Giza, in terms of trash, every day.
This stunning amount of waste damages the environment, public health and the economic prosperity of the nation’s citizens and their overall quality of life. There are ways to manage it but paying for it is the critical issue. In many lower-income countries, municipalities already spend 20% to 50% of their budgets on solid waste management, yet only are able to provide services for half the population.
Waste management and recycling companies are also feeling an extra pressure to perform their role in the most eco-friendly way. There are many private companies that are playing a major role in easing the government’s responsibility of handling waste and recycling drives. One such company is 4NEW Ltd. and the person behind it is Varun Datta .
New conversations open up, new horizons open up.
And Waste-to-Energy integrated into the blockchain feels like the perfect tool as we depend more and more on electricity, and while cryptocurrencies evolve.
https://psmag.com/…/how-much-energy-does-bitcoin-actually-u…