In February of 2018, a dead sperm whale washed up on along the picturesque shoreline of Cabo de Palos in Spain.
Officials noted that the whale was unusually thin, and a necropsy confirmed that the whale died from an acute abdominal infection. Put simply, the whale ingested so much plastic debris – 67 lbs worth – that its digestive system ruptured.
The Plastic Problem, Visualized
Today’s infographic comes to us from Custom Made, and it helps put the growing marine debris problem in perspective.
A Spiraling Problem
The equivalent of one garbage truck full of plastic enters the sea every minute and the volume of ocean plastic is expected to triple within a decade.
Every stray bit of trash that enters the ocean, from a frayed fishing net off the coast of the Philippines to a plastic bottle cap from an Oakland storm drain, all end up circulating in rotating ocean currents called gyres.
For this reason, the Pacific Gyre is now better known by another name: The Great Pacific Garbage Patch.
The Sum of Many Plastic Parts
The Great Pacific Garbage Patch is often misrepresented online as a literal raft of floating trash stretching as far as the eye can see. The real situation is less visually dramatic, but it’s what we can’t see – microplastic – that’s the biggest problem. Tiny fragments of plastic pose the biggest risks to humans because it’s easy for them to enter the food chain after being ingested by marine life.
While derelict fishing gear such as nets and floats are a contributor to the problem, land-based activity accounts for the majority of the garbage circulating in the ocean. Most of the world’s countries have ocean coastlines, and with so many jurisdictions and varying degrees of environmental scrutiny, truly curbing the flow of plastic isn’t realistic in the near term.
No Solution on the Horizon
Garbage patches have formed deep in the middle of international waters, so there is no clear cut way to decide who is responsible for cleaning up the mess. Organizations like The Ocean Cleanup are researching ocean gyres and providing better insight into the extent of the plastic problem. The Ocean Cleanup is best positioned to make a real impact, though executing on their vision will require vast resources and substantial funding.
Nobody likes seeing whales wash up on shore, but for now, a fully-scaled solution may still far out on the horizon.
The Circular Economy: Redesigning our Planet’s Future
Our modern world was designed for mass consumption and waste. Choosing to build a circular economy will be integral to the future of our planet.
Think about the last item you threw away. Did you consider where that product ended up, once you threw it away?
The Earth’s growing waste problem can be traced back to a culture that treats virtually every item we buy and own as disposable. Rapid urbanisation, population growth, and industrialisation are key contributors to the burgeoning volumes of waste that humans are producing each year.
But what if there was away to get around that?
Introducing the Circular Economy
Today’s post from BlackRock highlights the key benefits of adopting a circular economy, and examines the factors that will make the biggest impact in the years to come.
A Culture of Consumption
Mass production is making products cheaper, more readily available, and more readily disposable, bringing levels of material comfort unimaginable to previous generations.
Companies are making new products at a frenetic pace to keep up with global demand─consuming finite resources as if the Earth had an infinite supply.
The intense effects of this mass consumption are visible across multiple industries:
- Construction: Construction waste alone is expected to reach 2.2 billion tonnes annually by 2025.
- Fast Fashion: Roughly 87% of clothing is discarded or burned each year, costing US$100 billion.
- Plastics: Over 95% of plastic packaging value is wasted every year, costing up to US$120 billion.
As natural resources decline and waste continues to pile up, our society is at a crossroads.
A Tale of Two Economies
Today, most of the world follows the Take-Make-Waste practices of the linear economy, with little regard for future use of these resources and products. Unfortunately, most of this ends up in landfills─by 2050, we could be producing 3.4 billion tonnes of waste each year.
The circular economy, by contrast, is focused on redesigning our systems, processes, and products to enable goods to be used longer, repurposed, or recycled more efficiently.
The circular economy is a major transformational force that will last decades…investors are increasingly considering sustainability factors when making investment decisions.
Companies and governments that choose to adopt a circular economic model could end up saving €600 billion (US$663 billion) annually─and potentially add €1.8 trillion (US$2 trillion) in additional benefits to Europe’s overall economy.
Designing a Better Future
Three major factors are driving the gradual, global shift to a circular economy.
Companies will need to switch from wasteful to sustainable practices, and many are taking steps towards a better future. The New Plastics Economy Global Commitment was signed in 2018 by over 400 organisations to eliminate plastic waste and pollution.
Regulations such as bans on single-use plastics and international waste imports are growing more stringent, and some governments are also offering tax incentives for corporations that follow sustainable practices.
More consumers are actively researching and questioning the impacts of the products they buy, and consumer demand is showing a preference for reusable products and practices.
While few public companies today are actively using a circular economy, several major brands are leading the way in sustainable business practices.
- Philips: Light-as-a-service that provides access to lighting rather than ownership of lightbulbs
- Levi Strauss: Repurposing old garments into building insulation, upholstery, and new clothing
- Toshiba: First multi-function printer, heat-sensitive erasable toner can do up to five reprints per page
- Renault: Revamped old vehicle drive trains, engines, and gearboxes to almost-new condition
Companies and governments in the circular economy have a structural advantage to solve some of the world’s biggest economic issues ─ giving them a strong, long-term market for goods and services, the potential to lower costs, and open profitable new business streams.
Lasting Impact on People, Planet, and Profit
In order for the circular economic model to achieve widespread adoption, both sustainable investment and partnerships across sectors are needed.
This rally for change is making an impact on financial markets─sustainable investments around the world grew from US$13.3 trillion in 2012 to US$30.7 trillion in 2018.
Healthy economies rely on a healthy environment, and building a circular economy is integral to the future health of our economy, planet, and society.
Ranked: Countries with the Most Sustainable Energy Policies
Which countries are able to balance prosperity and sustainability in their energy mixes? See the countries with the most sustainable energy policies.
Ranked: Countries With Most Sustainable Energy Policies
The sourcing and distribution of energy is one of the most pressing issues of our time.
Just under one billion people still lack basic access to electricity, and many more connect to the grid through improvised wiring or live through frequent blackouts. On the flip side of the socioeconomic spectrum, a growing chorus of voices is pressuring governments and corporations to power the global economy in a more sustainable way.
Today’s visualization – using data from the World Energy Council (WEC) – ranks countries based on their mix of policies for tackling issues like energy security and environmental sustainability.
The Energy Trilemma Index
According to WEC, there are three primary policy areas that form the “trilemma”:
1. Energy Security
A nation’s capacity to meet current and future energy demand reliably, and bounce back swiftly from system shocks with minimal disruption to supply. This dimension covers the effectiveness of management of domestic and external energy sources, as well as the reliability and resilience of energy infrastructure.
2. Energy Equity
A country’s ability to provide universal access to reliable, affordable, and abundant energy for domestic and commercial use. This dimension captures basic access to electricity and clean cooking fuels and technologies, access to prosperity-enabling levels of energy consumption, and affordability of electricity, gas, and fuel.
3. Environmental Sustainability
The transition of a country’s energy system towards mitigating and avoiding environmental harm and climate change impacts. This dimension focuses on productivity and efficiency of generation, transmission and distribution, decarbonization, and air quality.
Using the dimensions above, a score out of 100 is generated. Here’s a complete ranking that shows which countries have the most sustainable energy policies:
|Rank||Country||Trilemma Score||Letter Grade*|
|4||🇬🇧 United Kingdom||81.5||AAA|
|10||🇳🇿 New Zealand||79.4||AAA|
|15||🇺🇸 United States||77.5||AAB|
|16||🇨🇿 Czech Republic||77.4||AAB|
|34||🇭🇰 Hong Kong (China)||72.5||DAB|
|37||🇰🇷 South Korea||71.7||BAC|
|38||🇨🇷 Costa Rica||71.6||CBA|
|62||🇸🇻 El Salvador||66.0||BCA|
|71||🇲🇰 North Macedonia||63.7||CBC|
|76||🇹🇹 Trinidad and Tobago||63.3||CAD|
|78||🇸🇦 Saudi Arabia||62.8||CAD|
|79||🇧🇦 Bosnia and Herz.||62.1||BBC|
|85||🇱🇰 Sri Lanka||60.1||BCB|
|92||🇿🇦 South Africa||58.9||DBD|
|97||🇩🇴 Dominican Republic||57.6||DBB|
|111||🇨🇮 Côte d’Ivoire||49.3||BDC|
*The letter grade represents national performance in three dimensions. The first letter represents Security, the second letter represents Equity, the third letter represents the Environmental Sustainability. The top grade is AAA, the lowest is DDD.
Highs, Lows, and Outliers
Every country has unique circumstances — from strategic energy reserves to green energy ambitions — that shape their domestic energy policies. Let’s take a closer look at some of the more interesting situations around the world.
Global Energy Outlook
Achieving the balance of prosperity and sustainability is a goal of nearly every country, but it takes stability and the right mix of policies to get the job done.
The fact that many trilemma scores are improving is an indicator that the world’s patchwork of energy policies are slowly moving in the right direction.
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