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Corporate Knights (Digital)

Corporate Knights (Digital)

1 Issue, Summer 2023

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Knight Bites

How to slash plastic pollution by 50 to 80% by 2040. The world churns out 430 million tonnes of plastic every year, and plastic consumption is set to double by 2040, then triple by 2060. Ahead of a second round of negotiations on a global plastics treaty in Paris in late May, the UN Environment Programme (UNEP) laid out an action plan for business and government to end the planet’s enormous waste habit:
Knight Bites
Accelerate reuse and refill markets Governments and businesses need to collaborate to eliminate unnecessary single-use plastics while developing thriving systems for reusable and refillable products, including depositreturn schemes and new refillable product-delivery models (e.g., modernday “milkmen” for consumer goods). Plastic-curbing potential: 30% Deal with durables More than 30% of plastic waste comes from “durable plastic” products that last more than three years. To help keep demand for new plastic-based electronics and goods in check (and boost product durability), governments must enable the right to repair and crack down on planned obsolescence. Ramp up recycling markets At least 80% of plastic is landfilled because it costs too much to recycle. Regulators will need to enforce design rules to make plastics more recyclable, and governments should end fossil fuel subsidies for virgin…
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Corporate Knights (Digital) - 1 Issue, Summer 2023

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