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illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:
🗞️ Driving the news: Negotiations on a global treaty to combat plastic pollution went overtime in Ottawa, Canada. The talks extended into Tuesday morning, with countries agreeing to continue work in ad hoc meetings ahead of a final summit in Busan, South Korea, on November 25
• Discussions included searching for funding mechanisms for developing countries and creating a process to identify harmful chemicals and wasteful plastic products
🔭 The context: The treaty could be the most significant environmental deal since the 2015 Paris Agreement. Plastic production is projected to triple by 2050, and current levels already exceed recycling and waste management capacities
• Disagreements arose over limiting virgin plastic production, with some parties prioritizing waste management and product design.
🌍 Why it matters for the planet: Plastic pollution is a pressing environmental concern with far-reaching consequences
• Effective regulation of plastic production and pollution could significantly reduce environmental degradation and emissions
⏭️ What's next: Negotiators will reconvene in November in Busan, Korea, to finalize the treaty, working on a narrowed-down negotiating document from Ottawa
💬 One quote: "We literally have seven months remaining to deliver on this promise (to rein in plastic pollution)," (Sivendra Michael, lead negotiator for Fiji)
📈 One stat: Plastic production is on track to triple by 2050, outpacing current recycling and waste management capacities
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