Dedicated Multilateral Fund
As negotiators consider the financial aspects of the Global Plastics Treaty, consensus exists on the need for a financial mechanism to support the implementation of the future instrument.
As negotiators consider the financial aspects of the Global Plastics Treaty, consensus exists on the need for a financial mechanism to support the implementation of the future instrument.
This study aims to model scenarios for how the global economy might respond to the proposed “40x40” target in the context of negotiations for a new International Legally Binding Instrument (ILBI) to end plastic pollution.
For the fifth (and potentially final) round of the global plastics treaty negotiations (INC-5), expectations are high, in particular in consummating an agreement on an instrument capable of ending plastic pollution and reducing harm across the entire plastics lifecycle.
As the plastics pollution crisis continues to grow by the day, so does the case for a global plastics treaty that tackles the issue head-on and seeks to reduce the production of virgin plastics.
In the (potential) final year of negotiations for a new international legally binding instrument (ILBI) to end plastic pollution, negotiators will meet for its fourth session in Ottawa, Canada from 23-29 April.
The growing momentum to address plastic pollution through global governance has seen the emergence of new international regulations on the management of plastic waste under the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal (“Basel Convention” or “the Convention”).