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World: Sustainability

Major Global Alliance Contributes Over 1 Billion Dollars to End Plastic Waste

| Editor: Ahlam Rais

A study estimates that over 90 % of river borne plastic in the ocean comes from 10 major rivers around the world – eight in Asia, and two in Africa.
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A study estimates that over 90 % of river borne plastic in the ocean comes from 10 major rivers around the world – eight in Asia, and two in Africa. (Source: Deposit Photos)

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Some of the leading companies around the globe are associated with this alliance and together they are keen to eliminate the serious issue of plastic waste which is affecting the environment across the globe.

Europe – An alliance of global companies from the plastics and consumer goods value chain recently launched a new organisation to advance solutions to eliminate plastic waste in the environment, especially in the ocean.

The cross value chain Alliance to End Plastic Waste (AEPW), currently made up of nearly thirty member companies, has committed over 1.0 billion dollars with the goal of investing 1.5 billion dollars over the next five years to help end plastic waste in the environment. The Alliance will develop and bring to scale solutions that will minimise as well as manage plastic waste and promote solutions for used plastics by helping to enable a circular economy. The Alliance membership represents global companies and is located throughout North and South America, Europe, Asia, Southeast Asia, Africa, and the Middle East.

The Alliance is a not-for-profit organisation that includes companies that make, use, sell, process, collect, and recycle plastics. This includes chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies, also known as the plastics value chain. The Alliance has been working with the World Business Council for Sustainable Development as a founding strategic partner. The Alliance has recently also announced an initial set of projects and collaborations that reflect a range of solutions to help end plastic waste:

• Partnering with cities to design integrated waste management systems in large urban areas where infrastructure is lacking, especially those along rivers which transport vast amounts of unmanaged plastic waste from land to the ocean. This work will include engaging local governments and stakeholders, and generate economically sustainable and replicable models that can be applied across multiple cities and regions.

The Alliance will pursue partnerships with cities located in high plastic leakage areas. The Alliance will also be looking to collaborate with other programmes working with cities, such as Project Stop, which is working in Indonesia.

• Funding ‘The Incubator Network’ by Circulate Capital to develop and promote technologies, business models and entrepreneurs that prevent ocean plastic waste and improve waste management and recycling, with the intention of creating a pipeline of projects for investment, with an initial focus on Southeast Asia.

• Developing an open source, science-based global information project to support waste management projects globally with reliable data collection, metrics, standards, and methodologies to help governments, companies, and investors focus on and accelerate actions to stop plastic waste from entering the environment. The Alliance will explore opportunities to partner with leading academic institutions and other organisations already involved in similar types of data collection.

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