With Earth Day approaching on Monday, April 22, the focus is on sustainability and recycling. Major recycling service companies like Waste Management (WM) and Republic Services (RSG) are set to report earnings during this time. Tony Perrotta, a Sustainability & Regenerative Economy Expert at PA Consulting, believes that there is a $12 trillion opportunity in sustainability and is joining Yahoo Finance to discuss the market potential.
Perrotta highlights the ways companies are moving towards sustainable practices. One major area of focus is on better mechanical recycling practices, which are being enhanced through technology such as vision technology, robotics, and AI. Additionally, advanced recycling technologies are emerging in the US, allowing for the conversion of hard-to-recycle materials into usable forms through chemical or heat processes. Furthermore, there is a growing interest in novel and alternative materials like seaweed, alginates, and plant-based fibers.
For more insights on sustainability opportunities and market trends, visit the full episode on Yahoo Finance.