Categories: EnvironmentWorld

Plastic consumption on course to nearly double by 2050 – research

Plastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive and legally binding global treaty to curb consumption is drawn up, according to research published on Monday.

Existing programmes to boost recycling or cut single-use plastic consumption only “scratched the surface” and a more comprehensive global plan is required, according to Back to Blue, a research group run by the Economist Impact think-tank and the Nippon Foundation, a private philanthropic organisation.

The United Nations kicked off negotiations on an agreement to tackle plastic pollution in Uruguay in November, with the aim of drawing up a legally binding treaty by the end of next year. As many as 175 countries have signed up to the talks.

However, if negotiations fail, annual plastic production in G20 countries could rise to 451 million tonnes by 2050 according to current rates of growth, Back to Blue said – up nearly three-quarters from 2019.

“There should be no illusions that the treaty negotiations will be anything but difficult and treacherous,” the research group said. “The chances of failure – not just that no treaty emerges but one that is too weak to reverse the plastic tide – are considerable.”

It called for a more aggressive ban on single-use plastic together with higher production taxes and mandatory schemes to make firms responsible for the entire lifespan of their products, including recycling and disposal.

The combined measures could limit annual consumption to 325 million tonnes by 2050, Back to Blue said, but that would still be up by a quarter compared to 2019, and the equivalent of 238 million filled rubbish trucks.

Among the G20 countries that have yet to introduce national bans on single-use plastic products are Brazil, the United States, Indonesia and Turkey, the report said.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

An autopsy of the voluntary carbon market

The voluntary carbon market was built on a single promise: that one credit cancels one…

5 hours ago

Macroprudential policy may curb innovation – but instrument choice matters

Macroprudential policy is designed to make the financial system safer, but it can also reshape…

5 hours ago

Revisiting immigration’s effect on US wages and employment

Anti-immigration policies often rest on the premise that immigrants worsen native-born employment and wages. This…

5 hours ago

Japan’s productivity transformation: From within-firm stagnation to market-driven reallocation

Discussions on Japan’s ‘lost decades’ have long focused on sluggish demand and the survival of…

5 hours ago

The scramble for critical minerals: An old curse in a new world

Lithium, cobalt, nickel, copper, and rare earth elements are reshaping global trade and great-power politics…

5 hours ago

AI feedback loops and the conditions for explosive growth

If frontier AI models can be used to develop their next models, this may lead…

2 days ago