Keynote: Climate Change
The New Plastics Economy (0.75 CEU)
Tuesday, September 26, 2017
14:00 – 14:45
Ballroom I & II
The Speakers will present the New Plastics Economy Initiative: an ambitious, three-year initiative to build momentum towards a plastics system that works: a system that will capture material value and contribute to improved economic and environmental outcomes, notably, reduced leakage of plastics into the ocean and reduced greenhouse gas emissions.
Applying the principles of the circular economy, the Initiative brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging. The initiative is led by the Ellen MacArthur Foundation in collaboration with a broad group of over 40 leading companies, city authorities, philanthropists, policymakers, academics, students, NGOs, and citizens.
Plastics have become one of the most fundamental materials for industry and for everyday life. They offer great functional benefits at low cost. Along with the many benefits that plastics bring to society, we also see that there are some drawbacks. Current plastic material flows are still very linear.
As the majority of packaging items are used only once before being discarded, it is estimated that 95% of its value, USD 80–120 billion, is lost from the economy each year.
The latest Initiative report entitled “The New Plastics Economy: Catalysing action”, builds on the findings of the previous report and provides a clear roadmap of priority actions for 2017. It is the first report to provide a clear transition strategy for the global plastics industry to design better packaging, increase recycling rates, and introduce new models for making better use of packaging.