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Asia-Pacific Economic Cooperation estimates that the cost of ocean plastics to the tourism, fishing and shipping industries was $1.3 billion in that region alone.
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About 12 percent has been incinerated, while the rest - 79 percent - has accumulated in landfills, dumps or the natural environment.
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Only 9 percent of all plastic waste ever produced has been recycled.If current trends continue, by 2050 the plastic industry could account for 20 percent of the world's total oil consumption. More than 99 percent of plastics are produced from chemicals derived from oil, natural gas and coal - all of which are dirty, non-renewable resources.About 60 percent of that plastic has ended up in either a landfill or the natural environment. (Ocean Conservancy and McKinsey Center for Business and Environment) Researchers estimate that more than 8.3 billion tons of plastic has been produced since the early 1950. In a business-as-usual scenario of unchecked plastic-waste leakage, the global quantity of plastic in the ocean would nearly double to 250 million metric tons by 2025.In 2016, the global production of plastics reached 335 million metric tons, with 60 million metric tons produced in Europe alone.(World Economic Forum, Ellen MacArthur Foundation and McKinsey & Company) Packaging represents 26 percent of the total volume of plastics used.Plastic packaging generates significant negative externalities, conservatively valued by UNEP at $40 billion.(World Economic Forum Report, The New Plastics Economy, 2016) If no action is taken, this is expected to increase to two per minute by 2030 and four per minute by 2050. Each year, at least 8 million tons of plastics leak into the ocean – which is equivalent to dumping the contents of one garbage truck into the ocean every minute.Studies suggest that the total economic damage to the world's marine ecosystem caused by plastic amounts to at least $13 billion every year.The ocean is expected to contain 1 ton of plastic for every 3 tons of fish by 2025 and, by 2050, more plastics than fish (by weight).(Antoine Frérot, CEO, Veolia) (World Economic Forum Report, The New Plastics Economy, 2016) 15 million tons in the 1960s to 311 million ton in 2014 and is expected to triple by 2050, when it would account for 20 percent of global annual oil consumption.Statistics on plastics and plastic related pollution Peter Flynn, program director of the Klosters Forum, set the tone at the outset of the meeting when he led with a litany of plastic facts that had been compiled by Isabella Marinho, an undergraduate in Environmental Studies at the New School and an intern at Klosters.
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