{"id":1271,"date":"2024-07-31T06:30:39","date_gmt":"2024-07-31T10:30:39","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1271"},"modified":"2024-07-31T06:30:39","modified_gmt":"2024-07-31T10:30:39","slug":"the-circulate-initiative-data-shows-investment-gap-to-tackle-plastics-pollution","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1271","title":{"rendered":"The Circulate Initiative data shows\u00a0investment gap to tackle plastics pollution"},"content":{"rendered":"


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According to the data, an average of $32bn a year of private investment went to plastics circularity between 2018 and 2023. Credit: Lebedko Inna via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

The Circulate Initiative, a Singapore-headquartered non-profit organisation, has issued a call to action to the financial community, spotlighting a substantial investment gap in tackling plastics pollution.\u00a0\u00a0<\/p>\n

This comes as new data indicates that an average of $32bn a year in private investment has been directed towards plastics circularity between 2018 and 2023.\u00a0\u00a0<\/p>\n

This figure is starkly inadequate compared to the estimated one trillion dollars required to tackle plastic pollution.\u00a0<\/p>\n

The data is provided by Circulate Initiative in its third edition of the Plastics Circularity Investment Tracker.\u00a0<\/p>\n

The report, supported by the International Finance<\/a> Corporation (IFC), analyses more than 5,500 transactions across 3,000 companies in 100 countries over a six-year period.\u00a0\u00a0<\/p>\n

It reveals that 22 million tonnes of plastic waste entered the environment in 2019, a figure that could double by 2060.\u00a0<\/p>\n

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