Why a production cap on plastics makes financial sense

A production cap could smooth out current and structural market imbalances.
• Slow economic growth will reduce demand for primary plastic polymers.
• New technologies will reduce demand for virgin plastics.
• Volatility and price instability likely will persist under current market conditions.
• Geopolitics and trade will alter supply and demand trends.

The United Nations Environment Assembly passed a resolution in March 2022 establishing an intergovernmental negotiating committee (INC) to develop an international legally binding instrument on plastic pollution, Including the marine environment. The goal of the instrument, referred to as the plastics treaty, is to end plastics pollution based on a comprehensive approach that addresses the full life cycle of plastic, including its production, design and disposal. Through INC’s four sessions, it has become clear that current and projected levels of plastic production are severely undermining any potential solution to end plastic pollution.

https://ieefa.org/resources/why-production-cap-plastics-makes-financial-sense

https://ieefa.org/sites/default/files/2024-09/REVISED_UN%20Plastics%20Briefing%20Note.pdf

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