A man washes waste plastic sheets, collected for recycling, in the polluted waters on World Environment Day in Karachi, Pakistan, on Jun 5, 2023. LONDON: A group of 160 financial companies on Friday urged governments to agree a treaty to end plastic pollution that would help spur private sector action, ahead of the next round of global talks in Canada.
Curtailing the estimated 400 million metric tons of waste produced every year is a crucial part of efforts to protect biodiversity, with microplastics found everywhere from the mountainous Himalayas to staple foods and even human blood. Among specific steps, the group called for the treaty to set an objective for all public and private finance to be consistent with the goal of eliminating plastic pollution, similar to that in the Paris climate agreement and the Kunming-Montreal global biodiversity framework.
"A clear transition pathway laid out in the Treaty will help leverage finance at scale for this massive task of ending plastic pollution worldwide," said Anne-Sophie Castelnau, global head of sustainability at ING, one of the signatories.
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