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Report: Europe´s waste, recycling revenue hits $133 billion

A new study shows that the waste management and recycling industry in the European Union has annual revenue of about 100 billion Euros, or $133 billion U.S. dollars.

The European waste management and recycling market, according to study author Frost & Sullivan, benefits from the strong environmental laws established by the European Union.

"This has been done to prevent any irreversible damage that a slow growing and uncompetitive recycling and waste handling industry might have on the environment," said Ajay Richard, a research associate at Frost & Sullivan´s environmental group.

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