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On April 23, at a press conference on the financial operation situation in Guangdong Province in the first quarter of 2026, Zhang Shuangchang, Vice President of the Guangdong Branch of the Peoples Bank of China, stated that as of the end of the first quarter of this year, a total of 41 entities in the province, including 8 financial institutions, 22 technology-based enterprises, and 11 equity investment institutions, issued technology innovation bonds totaling over 140 billion yuan in the interbank market, achieving "full coverage" of the three types of entities. The Guangdong Branch of the Peoples Bank of China also collaborated with financial institutions to strengthen the assessment of bond issuance demand, providing a full-process "one-stop" bond issuance service to support enterprises and institutions in need to issue low-cost, long-term technology innovation bonds in the interbank market. Simultaneously, the Guangdong Branch of the Peoples Bank of China continued to actively promote the technology innovation bond market, guiding financial institutions to increase market-making efforts and creating specialized bond baskets and other products to attract more investors to participate in trading.Market news: South Korea and Oman LNG have discussed cooperation on LNG supply chain and helium.April 23 – According to Al Jazeera, Vortexa, an analytics firm specializing in global energy and shipping markets, recorded 34 oil tankers, including those sanctioned or linked to Iran, entering and leaving the Gulf in the week following the US maritime blockade of Iranian ports. The Associated Press reported that the company identified 19 such tanker departures and 15 arrivals between April 13 and Monday. In an email to the Associated Press, the company stated that six of the departures were confirmed to have carried approximately 10.7 million barrels of Iranian crude oil. It remains unclear whether all of this crude oil has reached overseas markets.Royal Bank of Canada: Lowered its price target for Tesla (TSLA.O) from $480 to $475.According to the Financial Times, Barclays says the UK could save £2.5 billion by helping banks buy UK government bonds.

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.