Business and Innovation in Food Waste

Read the full story at Triple Pundit.

Food that is thrown away winds up in landfills where it gives off methane, a greenhouse gas with a warming potential 23 times that of carbon dioxide. Food waste is a huge problem in the U.S. where 63 million tons of food are tossed every year at a cost of $218 billion. That wasted food uses 20 percent of America’s fresh water, fertilizer, cropland and landfill space.

The nonprofit organization ReFED released two new tools to help prove food waste reduction creates business opportunities and jobs, and to demonstrate the potential to simplify food date labeling.

ReFED’s Innovator Database focuses on startups founded around food waste innovation. It tracks over 400 commercial and nonprofit organizations that combat food waste while creating over 2,000 jobs, more than 200 of which have been founded in the last five years…

ReFED’s Policy Finder focuses on government and identifies opportunities to simplify state and federal food labeling regulations, which save consumers and businesses over $29 billion a year.

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