Big brands from Coke to Kellogg yesterday pledged to cut all plastic waste from their operations in what the UN called the most ambitious effort yet to fight plastic pollution.
“We know that cleaning up plastics from our beaches and oceans is vital, but this does not stop the tide of plastic entering the oceans each year. We need to move upstream to the source of the flow,” said British sailor Ellen MacArthur, who is behind the plastic initiative.
The pledge by 250 organizations included many of the world’s biggest packaging producers, leading consumer brands, retailers and recyclers, as well as governments and non-governmental organizations.
The Ellen MacArthur Foundation launched its New Plastics Economy Global Commitment in collaboration with the UN Environment Programme (UNEP).
Signatories promised to eliminate single-use and unnecessary plastic, and to innovate so that all packaging could be recycled, with targets to be reviewed regularly and updates posted on their progress to drive momentum, the foundation said.
UNEP has estimated that if current pollution rates continue, there will be more plastic in the sea than fish by 2050, as 8 million tonnes of bottles and waste enter the oceans each year.
“Most efforts ’til now have been focused on cleaning up plastic pollution. This commitment is about eliminating pollution at its source,” the foundation’s Rob Opsomer said.
UNEP executive director Erik Solheim described the commitment as “the most ambitious set of targets we have seen yet in the fight to beat plastics pollution.”
Last week, the European Parliament voted for a complete ban on single-use plastic items, including straws and cutlery, in a bid to curb pollution.
Three of the brands that signed up, Coca-Cola, PepsiCo and Nestle, were recently named the world’s worst plastic polluters, according to a study by the Break Free From Plastic group. In North America, the three brands accounted for 64 percent of all plastic pollution identified in cleanups, the study showed.
“We are focused on improving the sustainability of all of our packaging, regardless of the type, and increasing the amount of recycled and renewable material,” Coca-Cola senior director of environmental policy Ben Jordan said.
PepsiCo said it had made a number of pledges in a bid to “build a PepsiCo where plastics need never become waste.”
“Protecting our planet is hugely important to us. We are committed to achieving 100 percent recyclable, compostable or biodegradable packaging by 2025,” PepsiCo spokesman Gian-Carlo Peressutti said.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
NATURAL PARTNERS: Taiwan and Japan have complementary dominant supply chain positions, are geographically and culturally close, and have similar work ethics Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other related companies would add ¥11.2 trillion (US$78.31 billion) to Japan’s chipmaking hot spot Kumamoto Prefecture over the next decade, a local bank’s analysis said. Kyushu Financial Group, a lender based in Kumamoto’s capital, almost doubled its projection for the economic impact that the chip sector would bring to the region compared to its estimate a year earlier, a presentation on Thursday said. The bank said that 171 firms had made new investments since November 2021, up from 90 in an earlier analysis. TSMC’s Kumamoto location was once a sleepy farming area, but has undergone