What's Happening?
Unilever, co-chairing the Business Coalition for a Global Plastics Treaty, is advocating for a UN treaty to establish global rules on plastic production. The coalition supports the Bridge to Busan Declaration, which calls for sustainable levels of virgin
plastic production. The coalition has developed a 'Treaty on a Page' roadmap outlining minimum requirements for industry compliance. This initiative aims to harmonize regulations, simplify supply chains, and encourage innovation in tackling plastic pollution.
Why It's Important?
The coalition's push for a legally binding treaty reflects a significant shift towards global cooperation in addressing plastic pollution. By advocating for harmonized regulations, the coalition seeks to create a level playing field for businesses, potentially reducing costs and encouraging sustainable practices. This could lead to significant environmental benefits and set a precedent for future international agreements on sustainability. The treaty's success could drive innovation in recycling and waste management, influencing global plastic production practices.
What's Next?
The upcoming Intergovernmental Negotiating Committee meeting in Busan, South Korea, will be crucial in finalizing the treaty. The coalition will continue to engage with policymakers to ensure the treaty includes ambitious targets and effective measures. The outcome of these negotiations could shape global environmental policy and set a benchmark for future treaties.
