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On August 25, Liu Jiannan, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) and Vice Chairman of the China Chamber of International Commerce (CCOIC), met with Cheng Yanjun, CEO and Co-Chairman of the Board of Directors of Budweiser APAC, in Beijing. The two sides exchanged views on promoting better development of foreign-invested enterprises in China and deepening cooperation in industrial and supply chains.On August 25th, the 2026 Conference on Accelerating the Construction of a Transportation Powerhouse was held in Wuhan, Hubei Province. The conference emphasized the need to fully promote the implementation of key tasks in building a transportation powerhouse. This includes continuously advancing the construction of major projects for a comprehensive, multi-dimensional transportation network and accelerating the implementation of major tasks related to the logistics network. It also involves promoting the upgrading and digital transformation of transportation infrastructure, expediting the implementation of a number of landmark projects, and making upgrading and transformation a new growth point for investment. Furthermore, it calls for improving the comprehensive transportation system of modern metropolitan areas, strengthening top-level design with a "one-policy-per-area" approach, and accelerating breakthroughs in the modernization of key corridors and major transportation hubs.According to Irans Tasnim News Agency, Pakistan will convey Irans conditions and position to the United States.Crude oil futures contracts saw their losses widen, with SC crude oil falling 4.04% to 567.9 yuan/barrel. Low-sulfur fuel oil (LU) fell 6.00% to 4793 yuan/ton. Fuel oil fell 6.02% to 3698 yuan/ton. Asphalt fell 1.93% to 4519 yuan/ton.According to Irans Tasnim News Agency, Pakistans Army Chief of Staff Munir is seeking to create space for dialogue between Iran and the United States.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.