Building & Investment
The Circulate Initiative, a non-profit organization committed to solving the ocean plastic pollution challenge, has announced on 8 September 2021 the launch of PLACES – Plastic Lifecycle Assessment Calculator for the Environment and Society, the first tool of its kind offering the ability to assess the climate impact of current waste management practices in Asia, from open burning to recycling.
The Circulate Initiative developed the tool based on the findings of a paper published by Circulate Capital and the Singapore Institute of Manufacturing Technology (SIMTech), a unit of Singapore’s Agency for Science, Technology and Research (A*STAR). The Circulate Initiative’s open-sourced prototype calculator tracks the greenhouse gas (GHG) emissions reductions, energy and water savings of waste management and recycling solutions that prevent plastic pollution in India and Indonesia.
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