The Ellen MacArthur Foundation and the UN Environment Programme published the first annual New Plastics Economy Global Commitment progress report. Launched in 2018, the Global Commitment now includes over 400 signatories, which are aligned on a path to build a new plastics economy. Business signatories—including companies representing 20% of all plastic packaging produced globally—are working to eliminate unneeded plastic, to innovate so that remaining plastic is 100% reusable, recyclable, or compostable. The report itself provides an unprecedented level of transparency on how almost 200 businesses and governments are reshaping the plastics system. Moreover, it offers insight into a new initiative by the Government of the United Kingdom to use fiscal policy in order to drive up the recycled content within plastic packaging. To read the follow report, please follow the link.
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