The 2021 UNFCCC NDC Synthesis Report found climate commitments are not on track to meet the Paris Agreement. As most plastics traded are derived from fossil resources, reducing waste generation, improving its sound management, developing material substitutes, as well as improving governance, enforcement and the control regime for trans-boundary movements in plastic waste are important to support Parties in implementing existing and future multilateral environmental agreements.
Plastics are a massive source of oceans pollution and also contribute to global warming in their production life cycle, consumption and disposal. At the same time, it is a useful and adaptable product; creating an industry that employs millions of people and earns at least $1 trillion in trade.
Using a innovative value chain approach, the event shows novel trade databases on plastics which help account for the problem at a global level. The event will share country experiences in financing, producing and trading of plastics and material substitutes as well as novel designs that have a lower carbon impact and offer income generation, job creation and sustainable livelihoods.
Objective
This high-level event will seek to improve awareness of actions across the plastics value chain to end plastic pollution. It also discusses the existing governance for trans-boundary movements for plastic waste by the Basel Convention, thus reducing GHG emissions as a climate mitigation strategy.
The event will showcase the importance of responsible trade in plastics, and the environmentally sound management of plastic waste, which would also tackle climate change, promote healthy oceans and protect biodiversity.
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