Asia must lead in tackling the plastic waste crisis
OUR world has a plastic waste crisis and Asia is at the epicentre.
More than half the plastic debris in our oceans comes from just five countries - all of them in Asia. The main reason is poor waste collection and recycling systems.
As Asia's emerging economies grow, so too does their plastic consumption. The World Bank has linked higher income levels and urbanisation rates to greater amounts of solid waste. In 1978, the average plastic usage per person was around 2 kg; in 2017 it was 43 kg.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access