Industry endorses plan to recycle 70% of plastic packaging globally
More than 40 industry leaders have endorsed a new action plan to tackle global plastics issues, and have begun working together to create a more effective global system for plastics at WEF, the World Economic Forum, in Davos, Switzerland
The plan, laid out in The New Plastics Economy: Catalysing action, which was launched today by the World Economic Forum and the Ellen MacArthur Foundation, would see 70 % of plastic packaging reused and recycled globally, up from today’s recycling rate of 14 %. The remaining 30 % of plastic packaging, equivalent to 10 billion garbage bags per year, needs fundamental redesign and innovation.
“The New Plastics Economy initiative has attracted widespread support, and across the industry we are seeing strong initial momentum and alignment on the direction to take. The New Plastics Economy: Catalysing action provides a clear plan for redesigning the global plastics system, paving the way for concerted action.” – Dame Ellen MacArthur, founder of the Ellen Macarthur Foundation
The full report can be downloaded here