SOURCE: Covanta Energy Corporation

Covanta Energy Corporation

February 16, 2012 11:20 ET

Covanta Energy Applauds U.S. State Department and Global Partners on Groundbreaking Climate Initiative

Reducing Methane Pollution From Landfills and Applying Sustainable Waste Management Practices Can Reduce Greenhouse Gas Emissions by One Billion Tons Every Year by 2050

WASHINGTON, DC--(Marketwire - Feb 16, 2012) - Covanta Energy Corporation (NYSE: CVA), a leading global owner and operator of Energy-from-Waste projects, congratulates Secretary of State Hillary Clinton, the U.S. State Department and its partners on today's announcement of a groundbreaking initiative to address short lived greenhouse gases, a major contributor to climate change and threat to global public health and the environment.

Solutions to reducing short term climate gases are readily available today, including the reduction of methane pollution, a greenhouse gas 25 times more potent than CO2. In fact, the European Union (EU) has already seen significant reductions in greenhouse gas emissions by addressing methane, with minimal impact to its economy. The EU's focus on sustainable waste management to include recycling, composting, and energy recovery instead of landfilling solid waste prevents large amounts of methane from ever being generated. Solid waste landfills are one of the top sources of manmade methane in the world.

"Today's announcement is a significant step forward in addressing the urgent global crisis of climate change," said Dr. Paul Gilman, Covanta Energy's chief sustainability officer. "Recent research demonstrates that avoiding landfill methane emissions, much like the leaders in Europe have already done, can reduce global greenhouse gas emissions by one billion tons of carbon equivalents every year by 2050. That reduction is quite significant -- the equivalent of building two million wind turbines or shutting down 1,000 large coal power plants."

Recovering energy from waste after efforts to reduce, reuse and recycle have been employed is a critical component of sustainably managing residual waste. For every ton of municipal solid waste processed at energy-from-waste facilities instead of landfilling, greenhouse gas emissions are reduced by the equivalent of approximately one ton less of carbon dioxide emissions. This is possible due to the avoidance of methane from landfills, the offset of greenhouse gases from fossil fuel electrical production and the recovery of metals for recycling. Covanta's energy-from-waste facilities annually offset approximately 20 million tons of greenhouse gases, the equivalent of the carbon sequestered by planting 460 million trees.

For more information on energy-from-waste and climate change visit covantaenergy.com/climatechange or follow us on Facebook, Twitter or YouTube.

About Covanta Energy
Covanta Energy Corporation is an internationally recognized owner and operator of Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 46 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into 9 million megawatt hours of clean renewable electricity and create more than 9 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaenergy.com.

Contact Information

  • Contact:
    James Regan
    Covanta Energy
    862-345-5216