More than 20 chief executives from some of the world’s largest companies have called on governments to agree ‘global binding rules’ to address the issue of plastic pollution.The letter, which has been signed by a number of chief executives, including ones from PepsiCo, Unilever and Mars Inc warns a treaty based on “voluntary measures alone risks delaying action by decades”.
The letter also calls for global criteria to be agreed for circular product design and common definitions and key principles for extended producer responsibility schemes. Tesla Billionaire Elon Musk Declares ‘Financial Emergency’ As $35.7 Trillion ‘Debt Bomb’ Primes A Bitcoin Price Boom To Rival Gold“A treaty with global rules is good for the planet,” added Duncan. “It's good for business because it simplifies their lives and brings economies of scale into play.
Regarding the upcoming negotiations, Duncan said the large majority of countries are already aligned to the idea of eliminating “problematic and avoidable” plastics and “chemicals of concern”.Duncan said there also needs to be global product designs in place to ensure a standardised approach and common principles around EPR schemes.
“We believe that well-designed EPR programs would be a meaningful step forward and encourage more infrastructure investment from all relevant stakeholders, including governments and the private sector,” said Laguarta.