Unlocking Financing to Combat the Plastics Crisis: Insights from the World Bank
The World Bank’s recent report, “Unlocking Financing to Combat the Plastics Crisis: Opportunities, Risks, and Recommendations for Plastic Credits,” dives deep into the evolving world of financing plastic pollution mitigation via plastic credits, offering key insights into where the market stands today and where it needs to go. This report is a valuable resource, shedding light […]
WORLD BANK / FEATURE STORY: Tackling the Plastics Pollution Crisis by Channeling Private Capital to Projects that Reduce Plastic Waste
WORLD BANK/ FEATURE STORY: Washington, D.C., January 24, 2024 Of the nearly 350 million tons of plastics that are produced annually, about 70 percent end up in managed landfills or are incinerated, about 10 percent is recycled and the remaining 20 percent simply escape into the environment. According to the OECD, nearly 1.7 million tons of […]
WORLD BANK / PRESS RELEASE: World Bank’s New Outcome Bond Helps Communities Remove and Recycle Plastic Waste
WORLD BANK PRESS RELEASE: WASHINGTON, January 24, 2024 The World Bank (International Bank for Reconstruction and Development, IBRD) today priced a seven-year $100 million, principal-protected Plastic Waste Reduction-Linked Bond. This innovative bond provides investors with a financial return linked to Plastic Waste Collection Credits, Plastic Waste Recycling Credits (collectively, plastic credits), and Verified Carbon Units […]
WWF Report
World Wildlife Fund (WWF) reports “In 2016, the most recent year for which data is available, production (of plastic) reached 396 million metric tons. That is equivalent to 53 kilograms of plastic for each person on the planet.” View Full Report
