Industry Endorses Plan to Recycle 70% of Plastic Packaging
More than 40 industry leaders have endorsed a new action plan to tackle global plastics issues, and have begun working together to create a more effective global system for plastics. The action plan is presented in The New Plastics Economy: Catalysing action, a new study by the World Economic Forum and the Ellen MacArthur Foundation with analytical support from SYSTEMIQ, which reveals that concerted action by industry could result in reuse and recycling of 70% of all global plastic packaging, up from today's recycling rate of just 14%. The authors last year revealed that there could be more plastics than fish in the ocean by 2050.