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The three strategies for the new plastic economy, the three Re’s.

In just over half a century, plastics have become pervasive throughout the economy due to their versatility and cost-effectiveness, growing their production volumes twenty-fold. Yet alongside clear benefits, today’s plastics system has significant drawbacks. A report released last year, The New Plastics Economy: Rethinking the future of plastics by the World Economic Forum, Ellen MacArthur Foundation and McKinsey & Co., found that today only 14% of plastic packaging is collected for recycling globally; the rest of it is either incinerated, landfilled or ends up as litter, often in the ocean. If current trends continue, by 2050 our oceans could contain more plastics than fish, by weight. Now, just one year after publication of this research, more than 40 business and government leaders have endorsed an action plan that could increase reuse and recycling rates for plastic packaging to 70%.

A new report, released this week at Davos, presents three strategies and a set of actions needed by industry to move towards a new plastics economy. These are: re-use, recycle and re-design and innovate.

 

How can the world achieve inclusive economic growth while combating climate change and othernatural resource challenges?

ACA believes: Securing environment and resources is sustainability in action.

The global environment and economic security are indelibly intertwined, with increasing greenhouse gases, environmental degradation and natural-resource depletion putting sustainable growth and existing business models at risk.

The World Economic Forum’s System Initiative on Shaping the Future of Environment and Natural Resource Security brings together leading experts and practitioners to provide systems leadership, curate platforms for multi-dimensional cooperation and engage in focused interventions.



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