Early long term-sustainable investing is the key to getting ahead of technology
What do we need to solve and create reduced, recycled, reusable waste: research and development (R&D) by visionaries? Who should make it a point to seek out innovative waste treatment technologies and fund the R&D? You guessed it—Wall Street!
Technology development is constantly in flux, constantly out doing itself. The floppy disk, the flip-phone, the storage size of an external hard drive, film overridden by digital, and other technologies and industry have died off because of innovative replacements.
Early long term-sustainable investing is the key to getting ahead of technology. Take food waste as an example: it is estimated that $18 billion in investment is needed over the next 10 years to reduce food waste by 20 percent, and about $800 million of this is projected to come in the form of private early stage and growth equity funding.4 Given the fact that waste technologies are considered a niche market to investors, visionary investors must step up their funding of food waste, wastewater treatment, agriculture or food waste mitigation technologies, municipal waste recycling and waste reduction technologies, and most importantly, technologies that turn hazardous wastes into a non-hazardous, recyclable waste.
Wall Street is always looking for the next technology that will kill off the one before it. If Wall Street does not take a hard look at technologies that innovatively alleviate waste, and police and enforce the waste regulations imposed on public companies, we are going to be the ones who die off.
Tony Nocito is Managing Member of ABCOV Companies, LLC (New York, NY) and other related companies that provide commercially available services for the non-thermal, EPA approved ABCOV® Method of asbestos destruction and conversion to a non-toxic material and the non-thermal process that converts Hexavalent Chromium in soil to the nontoxic Trivalent Chromium in soil and the non-thermal process that reduces overburden and off-specification fiberglass blow, batt and other manufactured fiberglass insulation to 10 percent of their original volume. He markets and provides these services through his companies.
Tony can be reached at (212) 571-9125, via e-mail at email@example.com or visit www.abcov.com.
1. Fortune Online, May 24, 2007. “McDonald’s Shareholders Vote to Keep Plastic Straw, Despite Activist Demands”.
2. Edie.net, June 8, 2018. “Burger King Unveils Plan to Phase-Out Plastic Straws”.
3. Business Insider, June 19, 2018, Article title: McDonalds is Testing Plastic Straw Alternatives as U.S. Cities Crack Down on Single Use Straws When? This Year”.
4. AGFunder, November 12, 2016. “The Billion Dollar Food Waste Market Investors are Missing”.