Convention on Plastic Pollution – Essential Elements – Finance

A global treaty (i.e. convention) on plastics will require financial resources to achieve its objectives, and many models exist in other multilateral environmental agreements from which lessons can be taken. Significant resources are already being dedicated to marine and other plastic pollution – and will be for the foreseeable future – making the predominant issue how best to direct and deliver them in a coordinated, predictable and effective manner.

The key consideration for negotiators should be to ensure the financial resources are employed strategically and the financial mechanisms fit for purpose.