Time for a “fundamental rethink” of the global plastics value chain

20 January 2016, Davos – A revolution of the global plastics value chain to incorporate circular economy principles is needed to reduce waste and avert an environmental crisis, according to a new report by the Ellen MacArthur Foundation and the World Economic Forum, entitled ‘The New Plastics Economy: Rethinking the future of plastics’.

The study investigated the global flow of plastic packaging, concluding that plastics are the “ultimate single-use material”. Currently, 95% of the value of plastic packaging material, worth around €100 billion a year, is lost to the economy after a short first use. With total plastic use expected to double in the next 20 years, this will have dire consequences for the environment; the report predicts that oceans could contain more plastic than fish by 2050.

Achieving a systemic change will require a major collaborative effort by all stakeholders across the global plastics value chain. The report recommends that changes must specifically address after-use pathways for plastics, the leakage of plastics into natural systems and the decoupling of plastics from fossil feedstocks.

The report also proposed the creation of an independent co-ordinating vehicle to set direction, establish common standards and systems, overcome fragmentation, and foster innovation opportunities at scale. Along these lines, the Ellen MacArthur Foundation announced the establishment of a cross-value-chain global dialogue mechanism, to help drive and co-ordinate the transition.  

Brussels - The European Commission has launched its updated European Innovation Scoreboard, highlighting that the EU’s overall innovation performance is continuing to…

Read Story

24 February, Stuttgart - The MeeFs partners have met to discuss exploitation strategy and IPR management for their project results.…

Read Story

Brussels, 25 April The European Parliament's Environment, Public Health and Food Safety Committee (ENVI) have backed the Commission's Resource Efficient Roadmap,…

Read Story
Arrow-up