World Plastics Crisis Costs $1.5 Trillion Per Annum

By estimates, the production of plastics is anticipated to nearly triple by 2060.

SEATTLE (Scrap Monster): A new study published in ‘The Lancet’ medical journal warned that global plastics crisis is feared to cost around $1.5 trillion in deaths and medical issues.

According to the report, plastics still contaminate the environment on Earth, even in the most isolated locations. Chemicals and microplastics have been discovered in the brains of both humans and animals, both on land and in the ocean. Only about 10% of plastics are recycled properly, despite the fact that the problem is well known throughout the world. Plastics output is expected to almost triple by 2060, according to estimates.

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The study's results were released at the same time that 175 nations' leaders are gathering in Geneva to work on a comprehensive Global Plastics Treaty. It should be mentioned that despite multiple rounds of negotiations, the nations have not yet reached a definitive agreement to create a legally binding treaty to address concerns about the growing amount of plastic pollution.

A number of nations, including Saudi Arabia, China, Iran, and Russia, have opposed the deal, arguing that policies to increase plastic recycling are more crucial than looking into ways to reduce plastic manufacturing. This argument was strongly disagreed with by the study.