Some might argue that a note about plastic pollution is hardly relevant to an investment blog. But this writer takes another view: there are important matters that affect us all, and we have a responsibility to be aware of the facts and more importantly, to do something positive with that information.
When future generations share the story of plastic pollution, it will probably include graphic images of turtles choking on plastic debris, rivers and beaches heaving with garbage, and medical reports showing microplastics in our children’s bloodstreams. This is a story that started as a nuisance, developed into an environmental crisis, but is now an economic and health catastrophe. And it’s a story that intersects with the other crises we are grappling with today: biodiversity, climate, and pollution.
According to the World Bank, of the 460 million tons of plastic produced in 2019, 353 million tons were discarded. This disposing includes recycling (globally less than 9%), discarding in unmanaged dumps or incinerated, and worst of all left to poison the environment.
A few ugly statistics (approximations sourced from a range of Governments, non-Government organisations and international bodies):
8 million pieces of plastic pollution make their way into the ocean every day.
14 million tonnes of plastic is dumped into the ocean every year.
80% of all studied marine debris is plastic.
5.25 trillion macro and microplastics may now be floating in the open ocean, weighing up to 269,000 tonnes.
100,000 marine mammals and turtles and 1 million sea birds are killed by marine plastic pollution every year.
Plastics account for 3.4% of global greenhouse gas emissions.
Disclaimer: Clime Asset Management Pty Limited | AFSL 221146 | ABN 72 098 420 770. The information provided in this post is intended for general use only. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person, nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information contained therein. Please consider the relevant disclosure document/s before investing in one of our products. Investment in securities and other financial products involves risk. An investment in a financial product may have the potential for capital growth and income but may also carry the risk that the total return on the investment may be less than the amount contributed directly by the investor. Investors risk losing some or all of their capital invested. Past performance of financial products is not a reliable indicator of future performance or returns.
The information contained in this website and video presentations is of a general nature. It is not advice or a recommendation to invest in a financial product and constitutes general financial product advice only. The advice has been prepared without taking into account your objectives, financial situation or needs. You should, before acting on the advice, consider the appropriateness of the advice having regard to your objectives, financial situation and needs. Before making a decision about whether to acquire a financial product, you should obtain and consider the Product Disclosure Statement, Information Memorandum or Financial Services Guide. We encourage you to obtain professional advice before deciding to invest in a financial product.
Investment in securities and other financial products involves risk. An investment in a financial product may have the potential for capital growth and income but may also carry the risk that the total return on the investment may be less than the amount contributed directly by the investor. Investors risk losing some or all of their capital invested. Past performance is not a reliable indicator of future performance.