We have municipal composting here in Seattle, which can handle everything from food scraps to yard waste to bioplastics. The city incentivizes recycling and composting by charging a lot for trash collection, less for compost, and nothing for recycling. I’ve known for some time that much of my recycling is really going into a landfill, but there’s still value to separating for me because I can use a very small (low rate) trash can as there’s hardly anything left that goes in the trash. I wonder if composting is really a net benefit, though.

This article seems to break it down very well (no pun intended).