The Circulate Initiative
Investment into plastic circularity can help us reach our climate goals faster
Updated: Mar 14
World Economic Forum
Authors: Kristin Hughes and Ellen Martin
With COP27 climate talks and the first meeting of the UN-led Intergovernmental Negotiating Committee to develop a legally binding instrument to end plastic pollution now behind us, we have a unique opportunity to ensure the outcomes of these two landmark events will dovetail. Lessons on public-private collaboration can be taken from existing approaches to drive investment into circular economy solutions for plastic waste.
The chorus coming from business and world leaders, on both climate and circular plastics, is that blended financing will be integral to any financing roadmap, with governments and development financial institutions (DFI) playing a key role to accelerate investment.