U.K. Green Bank Invests 51 Million Pounds in Power From TrashLouise Downing
The U.K.’s Green Investment Bank invested 51 million pounds ($84 million) in a plant in Norfolk in the east of the country that will generate power from trash.
The project will use household, commercial and industrial waste to produce enough electricity to meet the annual energy needs of more than 40,000 homes, the bank said in a statement on its website. The development will prevent more than a quarter of a million metric tons of waste being sent to landfill each year.
The U.K. is spurring businesses to divert waste from landfill by levying a tax on burying waste underground.