The relationship between plastic and the modern world cuts both ways. It is a very useful material for society and serves several purposes, but its consumption and subsequent disposal endangers the environment and affects the world in many ways.
Despite pledges at the organizational and national levels, adverse climate change and harsh projections are calling for new commitments on multiple fronts. Investing in the environment and expanding cross-border cooperation are some of the examples to prevent the looming environmental crisis.
according to OECD Annual production of plastics has reportedly doubled over the past two decades from 234 million tons in 2000 to 460 million tons in 2019. Meanwhile, plastic waste doubled from 156 million tons in 2000 to 353 million tons in 2019. Only 9% of that was recycled. 19% were incinerated, nearly 50% were sent to sanitary landfills, and the remaining 22% were disposed of in uncontrolled landfills, burned or leaked into the environment. This suggests that the current life cycle of plastics is not sustainable.
Local initiatives
The United Arab Emirates is taking important initiatives to reduce the use of plastic. Dubai launched a sustainability movement across the city in February, encouraging the use of refillable bottles through the installation of drinking water stations. By September, the initiative had reduced his use of more than 3.5 million 500ml single-use plastic bottles.
The neighboring Emirate of Abu Dhabi has also announced the installation of various facilities in high-traffic areas to collect single-use plastic bottles for recycling. Dubai also banned the use of single-use plastic bags from 1 June and imposed a D.After 1 month, customs duty of hs0.25 per bag.
However, it is equally essential to address plastic products and their impacts from a lifecycle perspective. To enable global circulation, Rebound, a subsidiary of Abu Dhabi-based International Holding Company, has launched his global B2B digital trading platform for recycled plastics.
“With the global plastics market projected to reach $46.6 billion by 2025, the Rebound Plastic Exchange (RPX) serves as a global business-to-business marketplace for trading recycled plastics,” said Rebound. said Maryam Al Mansoori, General Manager of
“RPX will bring new economic opportunities and a point of market entry to most of the world’s communities that do not have the domestic capacity to process or use plastic raw materials at their own manufacturing level. It encourages the material to be traded, fostering the growth of the recycling industry and creating substantial employment opportunities in the process,” adds Al Mansoori.
growing demand
Demand for recycled plastics is growing rapidly around the world as governments and companies try to curb the environmental and social impact of plastic waste, Al-Mansouri added.
“The circular ecosystem offers RPX owner Rebound an opportunity to facilitate the recycling of 5 million tonnes of plastic by 2025.
“Since launch, we have had an overwhelming response, with members signing up to RPX from the Middle East, North America, Latin America, India, Southeast Asia and Europe. Many other industry players are [also] You have expressed interest in subscribing. ”
But how do exchanges ensure transparency and product integrity during cross-border transactions? Deploying inspectors and other specifications to ensure compliance, Rebound puts trust and quality at the core of the process, from member onboarding to transaction completion, through certification protocols. In the phase, we will incorporate more automation systems into the platform to verify the reliability and quality of our products,” adds Al Mansoori.
Advance
Plastic consumption is expected to continue to increase in the future. The plastic waste produced in the world will then nearly triple by 2060, with about half ending up in landfills and only a fifth of his being recycled. . OECD The report has come to light.
Reducing plastic-related pollution therefore requires concerted efforts to curb production, promote recycling, and improve waste collection and management. In addition, setting recycling targets and investing in related technologies, encouraging sustainable waste management practices and reducing uncontrolled waste will help support the recycled plastics market.
