The Circular Economy and Net Zero Goals for Plastics
Achieving net zero while transitioning to a circular model for plastics presents challenges that seem impossible to overcome when focused simply on scope 1 and 2 emissions. However, with proper context one comes to realize that the goals are complementary and necessary for each to achieve its goal. Eliminating plastics in favor of other materials would result in unacceptable environmental damage, as does continued plastics waste lost to the environment.
A range of solutions will need to be employed, including managed consumption, re-design of products and packaging for reuse, repair, and recycling, enhanced waste collection along with both mechanical and chemical recycling. Even then, off-setting emissions and associated costs will still be necessary. The underlying question is how to pay for that final increment – either via credits or via physical investment. Addressing these questions will in effect define each stakeholder’s competitive position in a net zero world.
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Chemical Market Analytics by OPIS, a Dow Jones company, with participation from The Wall Street Journal, Barron’s, and Factiva, presents the 2023 World Chemical Forum, a new event that redefines comprehensive exploration of the future of chemicals and energy, their inter-relationships, and how both markets will address global challenges this century.
Energy and chemical markets are evolving in profound ways and ushering in a fourth historical industrial and social revolution with Infinite Possibilities. Leading global experts and industry executives from all market sectors will convene to hear expert forecasts for key chemical and energy markets and discuss pivotal initiatives including chemical sustainability, the evolving logistics landscape, risk management strategies, and the future impact of Asia on the world.
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