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JUMO and Standard Bank launch Social Finance Framework to scale inclusive finance in Africa
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UK lawmakers to vote again on failed assisted dying bill
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French comedy show 'Call my agent' makes film comeback
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Fast-pace dance takes I.Coast's working-class streets by storm
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Researchers eye AI revolution in natural disaster forecasts
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Appreciation, anger await as Trump heads to Irish golf resort
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US braces for inflation report that may push Fed to hike rates
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Putin arrives in India for BRICS summit coloured by wars
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Musk threatens legal action over documentary
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Carney says in touch with Trump, Canada ready for 'fair' trade deal
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Latin America fact-check group asks Meta not to replace verification practice
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Tag Markets Names Craig Lund Chief Executive Officer
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ECB lifts borrowing costs amid energy shock, opens door for more hikes
Only nine percent of plastic recycled worldwide: OECD
Less than 10 percent of the plastic used across the world is recycled, the OECD said Tuesday, calling for "coordinated and global solutions" ahead of expected talks on an international treaty on the issue.
A new report by the Organisation for Economic Co-operation and Development report found that 460 million tonnes of plastics were used last year, the number nearly doubling since 2000.
The amount of plastic waste had more than doubled during that time to 353 million tonnes, the Paris-based OECD said.
"After taking into account losses during recycling, only nine percent of plastic waste was ultimately recycled, while 19 percent was incinerated and almost 50 percent went to sanitary landfills," it said in its Global Plastics Outlook.
"The remaining 22 percent was disposed of in uncontrolled dumpsites, burned in open pits or leaked into the environment."
The Covid-19 pandemic saw the use of plastics drop by 2.2 percent in 2020 compared to the previous year. However single-use plastics rose and overall use is "projected to pick up again" as the economy rebounds.
Plastics contributed 3.4 percent of global greenhouse emissions in 2019, 90 percent of it from "production and conversion from fossil fuels", the report said.
In the face of rampant global warming and pollution, "it will also be crucial that countries respond to the challenge with coordinated and global solutions", OECD Secretary-General Mathias Cormann said in the report.
The OECD proposed a series of "levers" to address the issue, including developing the market for recycled plastics, which only represent six percent of the total -- largely because they are more expensive.
It added that new technologies related to decreasing the environmental footprint of plastics was only 1.2 percent of all innovation concerning the product.
While calling for "a more circular plastics lifecycle", the OECD said that policies must also restrain overall consumption.
It also called for "major investments in basic waste management infrastructure", including 25 billion euros ($28 billion) a year to go towards efforts in low and middle-income countries.
The reports comes less than a week before the UN Environment Assembly begins on February 28 in Nairobi, where formal talks are expected to begin on a future plastics treaty, the scope of which is still unclear.
According to a survey published Tuesday by polling firm Ipsos for the World Wildlife Fund carried out in 28 countries, an average of 88 percent of respondents said an international treaty to combat plastic pollution was "fairly important (23 percent), "very important" (31 percent) or "essential (34 percent).
Ng.A.Adebayo--CPN