Focus Area

Waste

Solid waste is inextricably linked to urbanization and economic development. As countries urbanize and standards of living rise, consumption of goods and services increases, leading to higher generation of waste. In 2020,the world was estimated to generate 2.24 billion tonnes of solid waste, amounting to a footprint of 0.79 kilograms per person per day. With rapid population growth and urbanization, annual waste generation is expected to increase by 73% from 2020 levels to 3.88 billion tonnes in 2050.

Poorly managed waste has an enormous impact on people’s well-being, the environment, and national economies that often results in higher costs for governments, contributes to climate change in the form of greenhouse gas emissions, and has serious short- and long-term health consequences.

Together, the public and private sectors will need to assume much more responsibility for waste generation and disposal, specifically for product design and waste separation. Formalizing these responsibilities through well-structured PPPs can result in significant improvements in efficiency and quality of solid waste management.

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Learn more about IFC's work in Waste Management

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Contacts

Sumeet Thakur
Global Head for Cities, Water, and Waste
Jane Zhang
Senior Communications Officer, Disruptive Technologies and Funds and Public-Private Partnerships
Washington D.C.
+1 (202) 294-7234
Nicola Saporiti
Senior Investment Officer
Washington D.C.