Chemical Market Analytics Blog

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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Jonny Goyal
Circular Plastics Service

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Embracing the Infinite Possibilities

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.

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