WASTE-TO-ENERGY INITIATIVES: ENTREPRENEURIAL OPPORTUNITIES & CHALLENGES
Ms. ANAMIKA1
Mr. HARDIK MALHOTRA2
Assistant Professor
Department of Commerce
DAV Centenary College , Faridabad
Email id: anamikka.official@gmail.com
hardikmalhotra11@gmail.com
ABSTRACT
Waste-to-energy (WtE) initiatives have emerged as a critical solution to the dual challenges of waste management and sustainable energy production. This paper explores the entrepreneurial landscape within the Waste to energy sector, highlighting key opportunities for innovation and economic growth. Entrepreneurs in the WtE domain are uniquely positioned to address pressing environmental concerns while capitalizing on the growing demand for renewable energy sources . Integrating renewable energy systems with waste management infrastructure offers a synergistic approach to energy generation and resource recovery. Entrepreneurs’ adept at navigating regulatory frameworks and forging strategic partnerships can capitalize on the market potential of hybrid WtE projects, combining solar, wind, or hydroelectric power with waste conversion facilities.
In addition to technological innovation, entrepreneurial ventures in WtE often involve the implementation of novel business models and collaborative partnerships. Strategic alliances between waste management companies, energy utilities, municipalities, and financial institutions can facilitate the development and financing of WtE projects, driving economic growth and environmental sustainability.
The primary objective of this research is to identify the entrepreneurial opportunities present in WtE initiatives, with a specific emphasis on technological advancements, integration of renewable energy systems, novel business models, regulatory frameworks, and sustainability principles. By analysing these facets, the study seeks to provide insights into the feasibility, challenges, and potential impacts of entrepreneurial ventures in the Waste to energy sector.
Keywords : Waste- To- Energy , Entrepreneur ,Renewable ,Opportunities ,Technology
