If we deployed all known solutions to plastic waste at maximum realistic speed and scale, by 2040, it would still result in: more than 150m tonnes being landfilled, incinerated or mismanaged every year, of which 5m tonnes would enter the ocean.
The latter is an 80% improvement compared to business-as-usual, but still unacceptably high.
In addition to the radical and immediate scaling of known solutions, we must INNOVATE at unprecedented speed and scale towards:
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new business models
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product design
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materials
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technologies
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collection systems
to accelerate the transition to a circular economy.
If the plastics and waste management industries increased their R&D intensity to the same level as, for example, the machinery industry, it would create a USD 100 bn per annum R&D agenda by 2040 – a quadrupling of R&D investment versus today’s levels.
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